https://www.taxtmi.com/circulars?id=67492 The circular removes the restriction on clubbing refund claims across financial years, clarifies that accumulated ITC due to a rate reduction on the same goods is not refundable as inverted structure accumulation, mandates proportional refund in original modes of payment with ITC amounts re credited to the electronic credit ledger, restricts ITC refunds to invoices uploaded by suppliers and reflected in GSTR 2A, and requires HSN/SAC codes in Annexure B where provided by suppliers; effective March 31, 2020. en-us Mon, 20 Jul 2020 00:00:00 +0530 Fri, 07 Jun 2024 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67492 The circular removes the restriction on clubbing refund claims across financial years, clarifies that accumulated ITC due to a rate reduction on the same goods is not refundable as inverted structure accumulation, mandates proportional refund in original modes of payment with ITC amounts re credited to the electronic credit ledger, restricts ITC refunds to invoices uploaded by suppliers and reflected in GSTR 2A, and requires HSN/SAC codes in Annexure B where provided by suppliers; effective March 31, 2020. Circulars GST - States Mon, 20 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67492