https://www.taxtmi.com/article/detailed?id=17479 Refunds of accumulated Compensation Cess credit on zero-rated exports must be calculated from Net ITC actually availed during the relevant period. A reversal recorded in Form GSTR-3B within that period affects the formula only where the reversed credit was availed and included in that period's Net ITC. Historical credit reversed during the period, but never included in the current computation, cannot be deducted merely because of the timing of the entry. Administrative clarification and income-tax accounting cannot add conditions absent from the statutory formula. en-us Tue, 29 Sep 2026 08:35:23 +0530 Tue, 29 Sep 2026 08:35:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17479 Refunds of accumulated Compensation Cess credit on zero-rated exports must be calculated from Net ITC actually availed during the relevant period. A reversal recorded in Form GSTR-3B within that period affects the formula only where the reversed credit was availed and included in that period's Net ITC. Historical credit reversed during the period, but never included in the current computation, cannot be deducted merely because of the timing of the entry. Administrative clarification and income-tax accounting cannot add conditions absent from the statutory formula. Articles Goods and Services Tax - GST Tue, 29 Sep 2026 08:35:23 +0530 https://www.taxtmi.com/article/detailed?id=17479