https://www.taxtmi.com/circulars?id=65777 Refunds of tax on supplies regarded as deemed exports are enabled by making the tax available as an ITC for portal claim purposes, but that ITC is not ITC under Chapter V and therefore is not subject to Section 17 restrictions nor included in "Net ITC" for computation of unutilised ITC refunds. The proviso to clause (b) applies to the whole clause; "leasing" there means only motor vehicles, vessels and aircraft. Employee perquisites under contract are outside GST. Electronic credit ledger may pay output tax but not reverse charge tax or non-tax liabilities; cash ledger may pay tax and other liabilities. en-us Tue, 26 Jul 2022 00:00:00 +0530 Mon, 01 Aug 2022 16:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65777 Refunds of tax on supplies regarded as deemed exports are enabled by making the tax available as an ITC for portal claim purposes, but that ITC is not ITC under Chapter V and therefore is not subject to Section 17 restrictions nor included in "Net ITC" for computation of unutilised ITC refunds. The proviso to clause (b) applies to the whole clause; "leasing" there means only motor vehicles, vessels and aircraft. Employee perquisites under contract are outside GST. Electronic credit ledger may pay output tax but not reverse charge tax or non-tax liabilities; cash ledger may pay tax and other liabilities. Circulars GST - States Tue, 26 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65777