https://www.taxtmi.com/circulars?id=66107 The circular clarifies that the amended refund calculation formula under sub rule (5) of Rule 89 applies prospectively and governs refund applications filed on or after its effective date, while earlier applications remain governed by the pre amendment formula. It also clarifies that the notification denying refunds for specified goods in chapters 15 and 27 where input tax exceeds output tax operates prospectively and applies only to refund applications filed on or after its effective date. en-us Thu, 15 Dec 2022 00:00:00 +0530 Sat, 24 Dec 2022 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66107 The circular clarifies that the amended refund calculation formula under sub rule (5) of Rule 89 applies prospectively and governs refund applications filed on or after its effective date, while earlier applications remain governed by the pre amendment formula. It also clarifies that the notification denying refunds for specified goods in chapters 15 and 27 where input tax exceeds output tax operates prospectively and applies only to refund applications filed on or after its effective date. Circulars GST - States Thu, 15 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66107