https://www.taxtmi.com/notifications?id=125633 Amendments replace rule 89(5) to prescribe a formula for refunds on account of inverted duty structure, defining "Net ITC" and referencing "Adjusted Total Turnover"; substitute rule 97 to establish the Consumer Welfare Fund with auditability, a constituted Standing Committee with specified powers and procedures, eligible applicants, and recommended uses of the Fund; and amend forms-ITC-03 (capital goods value reduction guidance), insert GSTR-10 (final return on cancellation with stock and tax reversal details), and revise DRC-07 (order summary and demand/deposit particulars). en-us Tue, 15 May 2018 00:00:00 +0530 Thu, 21 Jun 2018 14:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=125633 Amendments replace rule 89(5) to prescribe a formula for refunds on account of inverted duty structure, defining "Net ITC" and referencing "Adjusted Total Turnover"; substitute rule 97 to establish the Consumer Welfare Fund with auditability, a constituted Standing Committee with specified powers and procedures, eligible applicants, and recommended uses of the Fund; and amend forms-ITC-03 (capital goods value reduction guidance), insert GSTR-10 (final return on cancellation with stock and tax reversal details), and revise DRC-07 (order summary and demand/deposit particulars). Notifications GST - States Tue, 15 May 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=125633