https://www.taxtmi.com/notifications?id=126206 Amendments revise Telangana GST Rules to (i) deem certain added amounts under section 15 as paid for purposes of section 16, (ii) extend a time reference to eighteen months, (iii) require inward supplies to be received from registered persons against tax invoices for refund eligibility, (iv) prescribe a formula for refunds attributable to inverted duty structure specifying Net ITC and Adjusted Total Turnover, (v) mandate deposit of fifty per cent of specified cess into the Compensation Fund, (vi) empower authorities to order price reductions, refunds with interest, fund deposits, penalties and registration cancellation for failure to pass on tax benefits, and (vii) amend multiple forms and statements accordingly. en-us Mon, 16 Jul 2018 00:00:00 +0530 Wed, 08 Aug 2018 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=126206 Amendments revise Telangana GST Rules to (i) deem certain added amounts under section 15 as paid for purposes of section 16, (ii) extend a time reference to eighteen months, (iii) require inward supplies to be received from registered persons against tax invoices for refund eligibility, (iv) prescribe a formula for refunds attributable to inverted duty structure specifying Net ITC and Adjusted Total Turnover, (v) mandate deposit of fifty per cent of specified cess into the Compensation Fund, (vi) empower authorities to order price reductions, refunds with interest, fund deposits, penalties and registration cancellation for failure to pass on tax benefits, and (vii) amend multiple forms and statements accordingly. Notifications GST - States Mon, 16 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=126206