https://www.taxtmi.com/circulars?id=65992 Tax paid on supplies regarded as deemed exports is made available as ITC solely to enable portal refunds and is not ITC under Chapter V; thus it is not subject to Section 17 restrictions nor included in "Net ITC" for refund computations. The proviso to clause (b) of sub section (5) of Section 17 applies to the whole clause, and "leasing" in that clause means leasing of motor vehicles, vessels and aircraft only. Employer perquisites under employment contracts are not supplies for GST. Electronic credit ledger funds can pay output tax (excluding reverse charge and non tax liabilities); electronic cash ledger funds may pay tax, interest, penalty, fees and other liabilities. en-us Wed, 13 Jul 2022 00:00:00 +0530 Tue, 08 Nov 2022 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65992 Tax paid on supplies regarded as deemed exports is made available as ITC solely to enable portal refunds and is not ITC under Chapter V; thus it is not subject to Section 17 restrictions nor included in "Net ITC" for refund computations. The proviso to clause (b) of sub section (5) of Section 17 applies to the whole clause, and "leasing" in that clause means leasing of motor vehicles, vessels and aircraft only. Employer perquisites under employment contracts are not supplies for GST. Electronic credit ledger funds can pay output tax (excluding reverse charge and non tax liabilities); electronic cash ledger funds may pay tax, interest, penalty, fees and other liabilities. Circulars GST - States Wed, 13 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65992