https://www.taxtmi.com/circulars?id=67376 Refund of accumulated input tax credit is restricted to ITC reflected in FORM GSTR 2B for the relevant or earlier tax period in which the credit is available, applicable prospectively from the statutory amendments. The undertaking in FORM RFD 01 and related annexures have been amended to remove references to the omitted Section 42 and deleted returns; applicants must undertake compliance only with clause (c) of sub section (2) of section 16. Exports value for "adjusted total turnover" is to be determined as per the newly inserted Explanation to sub rule (4) of Rule 89. Exporters who paid IGST under Rule 96A may claim refund of IGST and unutilized ITC upon actual export or realization, but interest paid under Rule 96A is not refundable. en-us Wed, 19 Jul 2023 00:00:00 +0530 Fri, 03 May 2024 18:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67376 Refund of accumulated input tax credit is restricted to ITC reflected in FORM GSTR 2B for the relevant or earlier tax period in which the credit is available, applicable prospectively from the statutory amendments. The undertaking in FORM RFD 01 and related annexures have been amended to remove references to the omitted Section 42 and deleted returns; applicants must undertake compliance only with clause (c) of sub section (2) of section 16. Exports value for "adjusted total turnover" is to be determined as per the newly inserted Explanation to sub rule (4) of Rule 89. Exporters who paid IGST under Rule 96A may claim refund of IGST and unutilized ITC upon actual export or realization, but interest paid under Rule 96A is not refundable. Circulars GST - States Wed, 19 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67376