https://www.taxtmi.com/circulars?id=66535 Tax paid on supplies regarded as deemed export is made available as ITC solely to enable portal refund claims and is not ITC under Chapter V; therefore it is not subject to section 17 disallowances nor included in Net ITC for refund computations under rule 89(4) or rule 89(5). The proviso to clause (b) of section 17(5) applies to the whole clause and leasing in that clause is limited to motor vehicles, vessels and aircraft. Employer perquisites under employment contracts are excluded from GST under Schedule III. Electronic credit ledger amounts may be used only for output tax (excluding reverse charge) while electronic cash ledger may be used for tax, interest, penalty, fees and other liabilities. en-us Wed, 14 Sep 2022 00:00:00 +0530 Fri, 30 Jun 2023 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66535 Tax paid on supplies regarded as deemed export is made available as ITC solely to enable portal refund claims and is not ITC under Chapter V; therefore it is not subject to section 17 disallowances nor included in Net ITC for refund computations under rule 89(4) or rule 89(5). The proviso to clause (b) of section 17(5) applies to the whole clause and leasing in that clause is limited to motor vehicles, vessels and aircraft. Employer perquisites under employment contracts are excluded from GST under Schedule III. Electronic credit ledger amounts may be used only for output tax (excluding reverse charge) while electronic cash ledger may be used for tax, interest, penalty, fees and other liabilities. Circulars GST - States Wed, 14 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66535