https://www.taxtmi.com/notifications?id=125626 Amendments revise valuation and refund mechanics under the West Bengal GST Rules: amounts added under clause (b) of section 15(2) are deemed paid for input credit purposes; a limitation period is extended to eighteen months; the refund formula for input tax credit accumulated due to inverted tax structure is substituted (defining Net ITC and Adjusted Total Turnover) and reflected in substituted refund statements; inward supplies must be received against a tax invoice to claim input tax credit; deposits of fifty per cent of specified cess amounts into the Fund are required; enforcement powers and form updates are prescribed. en-us Wed, 13 Jun 2018 00:00:00 +0530 Wed, 20 Jun 2018 18:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=125626 Amendments revise valuation and refund mechanics under the West Bengal GST Rules: amounts added under clause (b) of section 15(2) are deemed paid for input credit purposes; a limitation period is extended to eighteen months; the refund formula for input tax credit accumulated due to inverted tax structure is substituted (defining Net ITC and Adjusted Total Turnover) and reflected in substituted refund statements; inward supplies must be received against a tax invoice to claim input tax credit; deposits of fifty per cent of specified cess amounts into the Fund are required; enforcement powers and form updates are prescribed. Notifications GST - States Wed, 13 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=125626