https://www.taxtmi.com/circulars?id=58062 Advance tax deposit by a casual taxable person must be calculated on the estimated net tax liability after accounting for eligible input tax credit; long-running exhibitions beyond the casual period require normal registration with allotment letter as place-of-business proof and no advance tax at registration, with option to surrender after the exhibition. Excess credit distributed by an Input Service Distributor must be recovered from recipients with interest and penalty; recipients may repay voluntarily via FORM GST DRC-03, otherwise recovery proceedings may be initiated and FORM GST DRC-07 used, and the ISD faces a general statutory penalty for wrongful distribution. en-us Thu, 22 Nov 2018 00:00:00 +0530 Thu, 06 Dec 2018 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58062 Advance tax deposit by a casual taxable person must be calculated on the estimated net tax liability after accounting for eligible input tax credit; long-running exhibitions beyond the casual period require normal registration with allotment letter as place-of-business proof and no advance tax at registration, with option to surrender after the exhibition. Excess credit distributed by an Input Service Distributor must be recovered from recipients with interest and penalty; recipients may repay voluntarily via FORM GST DRC-03, otherwise recovery proceedings may be initiated and FORM GST DRC-07 used, and the ISD faces a general statutory penalty for wrongful distribution. Circulars GST - States Thu, 22 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58062