https://www.taxtmi.com/article/detailed?id=9176 CBIC Circular No. 135 restricts refunds of accumulated Input Tax Credit to amounts supported by invoices reflected in FORM GSTR-2A, modifying earlier guidance after a Rule 36 amendment. The author argues this restriction conflicts with Rule 36's consolidated matching method and its additional allowable percentage, that circulars cannot impose statutory limitations, and that the circular is being inappropriately applied to periods before the amendment, causing hardship to exporters. en-us Thu, 14 May 2020 09:31:50 +0530 Thu, 14 May 2020 09:31:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9176 CBIC Circular No. 135 restricts refunds of accumulated Input Tax Credit to amounts supported by invoices reflected in FORM GSTR-2A, modifying earlier guidance after a Rule 36 amendment. The author argues this restriction conflicts with Rule 36's consolidated matching method and its additional allowable percentage, that circulars cannot impose statutory limitations, and that the circular is being inappropriately applied to periods before the amendment, causing hardship to exporters. Articles Goods and Services Tax - GST Thu, 14 May 2020 09:31:50 +0530 https://www.taxtmi.com/article/detailed?id=9176