https://www.taxtmi.com/circulars?id=57478 The amendment makes refunds of accumulated ITC on specified fabrics available only for supplies received on or after 1 August 2018, and provides that accumulated refundable ITC on inputs for the period up to 31 July 2018 shall lapse to the extent unutilised after payment of GST for July 2018. Lapse applies solely to ITC on inputs arising from inverted duty structure; ITC on input services and capital goods, and ITC attributable to zero rated supplies, are not affected. The amount to lapse is to be computed using Rule 89(5) and self declared in GSTR 3B for August 2018. en-us Mon, 17 Sep 2018 00:00:00 +0530 Fri, 28 Sep 2018 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57478 The amendment makes refunds of accumulated ITC on specified fabrics available only for supplies received on or after 1 August 2018, and provides that accumulated refundable ITC on inputs for the period up to 31 July 2018 shall lapse to the extent unutilised after payment of GST for July 2018. Lapse applies solely to ITC on inputs arising from inverted duty structure; ITC on input services and capital goods, and ITC attributable to zero rated supplies, are not affected. The amount to lapse is to be computed using Rule 89(5) and self declared in GSTR 3B for August 2018. Circulars GST - States Mon, 17 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57478