https://www.taxtmi.com/notifications?id=125910 Amendments modify valuation, refund, procedural and compliance rules: a proviso in rule 37 deems certain added amounts as paid for section 16 purposes; rule 83 extends a temporal reference to eighteen months; rule 89(5) prescribes a formula for refund of input tax credit for inverted duty structures defining Net ITC and Adjusted Total Turnover; rule 95 requires inward supplies to be received against a tax invoice from a registered person; rule 97 mandates deposit of fifty per cent of a specified cess into the Fund; rule 133(3) empowers the Authority to order price reductions, returns with interest, fund deposits, penalties and registration cancellation where benefits were not passed on; rule 138 adds an exemption for movement of empty LPG cylinders for reasons other than supply; and multiple form and annexure revisions are enacted. en-us Fri, 15 Jun 2018 00:00:00 +0530 Thu, 19 Jul 2018 16:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=125910 Amendments modify valuation, refund, procedural and compliance rules: a proviso in rule 37 deems certain added amounts as paid for section 16 purposes; rule 83 extends a temporal reference to eighteen months; rule 89(5) prescribes a formula for refund of input tax credit for inverted duty structures defining Net ITC and Adjusted Total Turnover; rule 95 requires inward supplies to be received against a tax invoice from a registered person; rule 97 mandates deposit of fifty per cent of a specified cess into the Fund; rule 133(3) empowers the Authority to order price reductions, returns with interest, fund deposits, penalties and registration cancellation where benefits were not passed on; rule 138 adds an exemption for movement of empty LPG cylinders for reasons other than supply; and multiple form and annexure revisions are enacted. Notifications GST - States Fri, 15 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=125910