https://www.taxtmi.com/circulars?id=66718 Refund of accumulated input tax credit under section 54(3) is restricted to ITC reflected in FORM GSTR-2B; this restriction applies to refund claims for tax periods from January 2022 onwards. The undertaking in FORM RFD-01 is amended to remove references to the omitted section 42 and to FORM GSTR-2/3, while retaining an undertaking regarding clause (c) of sub-section (2) of section 16. Adjusted Total Turnover must include export value as determined by the Explanation to sub-rule (4) of rule 89. Exporters who later export goods or realize payment may claim unutilized ITC and IGST paid, but not interest paid under rule 96A. en-us Fri, 21 Jul 2023 00:00:00 +0530 Thu, 10 Aug 2023 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66718 Refund of accumulated input tax credit under section 54(3) is restricted to ITC reflected in FORM GSTR-2B; this restriction applies to refund claims for tax periods from January 2022 onwards. The undertaking in FORM RFD-01 is amended to remove references to the omitted section 42 and to FORM GSTR-2/3, while retaining an undertaking regarding clause (c) of sub-section (2) of section 16. Adjusted Total Turnover must include export value as determined by the Explanation to sub-rule (4) of rule 89. Exporters who later export goods or realize payment may claim unutilized ITC and IGST paid, but not interest paid under rule 96A. Circulars GST - States Fri, 21 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66718