https://www.taxtmi.com/notifications?id=125329 Amendments revise refund mechanics for inverted duty structure by prescribing a formula linking maximum refund to turnover of inverted-rated supplies, Net ITC and Adjusted Total Turnover less tax payable; establish and regulate the Consumer Welfare Fund including credits, audit, a Standing Committee with defined powers and procedures for grants and monitoring; and amend form instructions for capital goods valuation, insert a Final Return form for cancellation with ITC reversal particulars, and substitute the summary-of-order form. en-us Wed, 18 Apr 2018 00:00:00 +0530 Wed, 02 May 2018 15:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=125329 Amendments revise refund mechanics for inverted duty structure by prescribing a formula linking maximum refund to turnover of inverted-rated supplies, Net ITC and Adjusted Total Turnover less tax payable; establish and regulate the Consumer Welfare Fund including credits, audit, a Standing Committee with defined powers and procedures for grants and monitoring; and amend form instructions for capital goods valuation, insert a Final Return form for cancellation with ITC reversal particulars, and substitute the summary-of-order form. Notifications GST - States Wed, 18 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=125329