https://www.taxtmi.com/circulars?id=60866 Clarifies export related refund rules: drawback limited to basic customs duty does not bar refund of unutilized input tax credit; Table 9 of FORM GSTR-1 and GSTR-3B rectification procedures must be considered in refund processing; LUT may be condoned ex post facto where exports occurred; only one deficiency memo per refund application is permitted and a fresh FORM GST RFD-01A must follow rectification; transitional credits under pre-GST laws are excluded from 'Net ITC'; where invoice and shipping bill values differ, the lower value is to be sanctioned. en-us Tue, 20 Mar 2018 00:00:00 +0530 Thu, 09 May 2019 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60866 Clarifies export related refund rules: drawback limited to basic customs duty does not bar refund of unutilized input tax credit; Table 9 of FORM GSTR-1 and GSTR-3B rectification procedures must be considered in refund processing; LUT may be condoned ex post facto where exports occurred; only one deficiency memo per refund application is permitted and a fresh FORM GST RFD-01A must follow rectification; transitional credits under pre-GST laws are excluded from 'Net ITC'; where invoice and shipping bill values differ, the lower value is to be sanctioned. Circulars GST Tue, 20 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60866