https://www.taxtmi.com/notifications?id=125894 Amendments to the Goa GST Rules clarify valuation by deeming amounts added under section 15(2)(b) as paid for input credit conditions, extend a proviso limitation to eighteen months, and prescribe a detailed formula for refund of input tax credit arising from an inverted tax structure (defining Net ITC and Adjusted Total Turnover). The Authority is empowered to order price reductions, recovery with interest, deposits into the compensation Fund, penalties, and registration cancellation where benefits are not passed to recipients, and refund and practitioner forms are correspondingly revised. en-us Wed, 13 Jun 2018 00:00:00 +0530 Wed, 18 Jul 2018 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=125894 Amendments to the Goa GST Rules clarify valuation by deeming amounts added under section 15(2)(b) as paid for input credit conditions, extend a proviso limitation to eighteen months, and prescribe a detailed formula for refund of input tax credit arising from an inverted tax structure (defining Net ITC and Adjusted Total Turnover). The Authority is empowered to order price reductions, recovery with interest, deposits into the compensation Fund, penalties, and registration cancellation where benefits are not passed to recipients, and refund and practitioner forms are correspondingly revised. Notifications GST - States Wed, 13 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=125894