https://www.taxtmi.com/circulars?id=61911 Clarifies procedures for refunding accumulated input tax credit where ITC reversals or specified supplier notifications apply: affected taxpayers may, as a one time measure for the same period of reversal, claim refunds under "any other" in FORM GST RFD 01A with required documentation; the proper officer will calculate admissible refund under CGST Rules, require debit from the electronic credit ledger via FORM GST DRC 03, and upon receipt of proof issue the refund order and payment advice. Late reversals attract interest and refunds follow only after reversal and interest payment. Merchant exporter claims involving supplier notifications follow analogous steps. en-us Tue, 23 Apr 2019 00:00:00 +0530 Mon, 22 Jul 2019 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61911 Clarifies procedures for refunding accumulated input tax credit where ITC reversals or specified supplier notifications apply: affected taxpayers may, as a one time measure for the same period of reversal, claim refunds under "any other" in FORM GST RFD 01A with required documentation; the proper officer will calculate admissible refund under CGST Rules, require debit from the electronic credit ledger via FORM GST DRC 03, and upon receipt of proof issue the refund order and payment advice. Late reversals attract interest and refunds follow only after reversal and interest payment. Merchant exporter claims involving supplier notifications follow analogous steps. Circulars Customs Tue, 23 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61911