https://www.taxtmi.com/circulars?id=66021 Clarifies that the amended formula for refund of unutilised input tax credit under sub rule (5) of rule 89 (Notification No. 14/2022) is prospective and applies only to refund applications filed on or after its effective date, while applications filed earlier remain governed by the previous formula. It further clarifies that the restriction on refunds for specified goods introduced by Notification No. 09/2022 is prospective and applies only to refund applications filed on or after its effective date. en-us Thu, 24 Nov 2022 00:00:00 +0530 Fri, 25 Nov 2022 15:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66021 Clarifies that the amended formula for refund of unutilised input tax credit under sub rule (5) of rule 89 (Notification No. 14/2022) is prospective and applies only to refund applications filed on or after its effective date, while applications filed earlier remain governed by the previous formula. It further clarifies that the restriction on refunds for specified goods introduced by Notification No. 09/2022 is prospective and applies only to refund applications filed on or after its effective date. Circulars GST - States Thu, 24 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66021