https://www.taxtmi.com/circulars?id=65753 Tax paid on supplies treated as deemed exports is refundable; the interim allowance enabling recipients to avail ITC on such tax for portal refunds is not ITC under Chapter V and therefore not subject to ITC reversal or included in Net ITC for refund computations. The proviso expanding availability of credit for employer provided goods or services applies to the whole exclusion clause for employee supplies, while "leasing" exclusion is confined to motor vehicles, vessels and aircraft. Electronic credit ledger balances may be used only for output tax (excluding reverse charge tax) and not for interest or penalties; electronic cash ledger may meet tax, interest, penalty or other GST liabilities. en-us Fri, 22 Jul 2022 00:00:00 +0530 Mon, 25 Jul 2022 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65753 Tax paid on supplies treated as deemed exports is refundable; the interim allowance enabling recipients to avail ITC on such tax for portal refunds is not ITC under Chapter V and therefore not subject to ITC reversal or included in Net ITC for refund computations. The proviso expanding availability of credit for employer provided goods or services applies to the whole exclusion clause for employee supplies, while "leasing" exclusion is confined to motor vehicles, vessels and aircraft. Electronic credit ledger balances may be used only for output tax (excluding reverse charge tax) and not for interest or penalties; electronic cash ledger may meet tax, interest, penalty or other GST liabilities. Circulars GST - States Fri, 22 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65753