https://www.taxtmi.com/notifications?id=126456 The amendment prescribes a specific formula for refunds arising from the inverted tax structure, defining Net ITC and Adjusted Total Turnover, mandates invoice based documentation for inward supplies, updates refund statement formats in refund forms, requires deposit of fifty percent of specified cess into the Fund, strengthens enforcement for failure to pass on rate reductions including restitution with interest, and amends practitioner eligibility and form declarations and other procedural and valuation provisions. en-us Mon, 23 Jul 2018 00:00:00 +0530 Thu, 30 Aug 2018 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=126456 The amendment prescribes a specific formula for refunds arising from the inverted tax structure, defining Net ITC and Adjusted Total Turnover, mandates invoice based documentation for inward supplies, updates refund statement formats in refund forms, requires deposit of fifty percent of specified cess into the Fund, strengthens enforcement for failure to pass on rate reductions including restitution with interest, and amends practitioner eligibility and form declarations and other procedural and valuation provisions. Notifications GST - States Mon, 23 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=126456