https://www.taxtmi.com/article/detailed?id=10021 CBIC issued three circulars clarifying that an Intermediary requires at least three parties with main and ancillary supplies and facilitator character; the date of a debit note, not the underlying invoice, determines Input Tax Credit eligibility after amendment; electronic QR/IRN suffices for e invoice verification; refunds of accumulated ITC for nil rated exports are restricted only where goods are actually subject to export duty; and an Indian company and a foreign body corporate are distinct persons such that supplies between them may qualify as exports of services when other conditions are met. en-us Thu, 23 Sep 2021 13:41:32 +0530 Thu, 23 Sep 2021 13:41:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10021 CBIC issued three circulars clarifying that an Intermediary requires at least three parties with main and ancillary supplies and facilitator character; the date of a debit note, not the underlying invoice, determines Input Tax Credit eligibility after amendment; electronic QR/IRN suffices for e invoice verification; refunds of accumulated ITC for nil rated exports are restricted only where goods are actually subject to export duty; and an Indian company and a foreign body corporate are distinct persons such that supplies between them may qualify as exports of services when other conditions are met. Articles Goods and Services Tax - GST Thu, 23 Sep 2021 13:41:32 +0530 https://www.taxtmi.com/article/detailed?id=10021