https://www.taxtmi.com/circulars?id=71646 Credit made available to recipients of deemed export supplies solely to process refund claims is not ordinary input tax credit, is outside section 17 restrictions, and is excluded from Net ITC computations. The employee-benefit proviso applies across the relevant blocked-credit clause, while leasing restrictions cover only specified motor vehicles, vessels, and aircraft. Employer-provided perquisites under employment contracts are outside GST. Electronic credit ledger balances may pay output tax only, excluding reverse-charge and non-tax liabilities; electronic cash ledger balances may pay tax, interest, penalties, fees, and other payable amounts. en-us Tue, 03 Jan 2023 00:00:00 +0530 Tue, 20 Oct 2026 10:03:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71646 Credit made available to recipients of deemed export supplies solely to process refund claims is not ordinary input tax credit, is outside section 17 restrictions, and is excluded from Net ITC computations. The employee-benefit proviso applies across the relevant blocked-credit clause, while leasing restrictions cover only specified motor vehicles, vessels, and aircraft. Employer-provided perquisites under employment contracts are outside GST. Electronic credit ledger balances may pay output tax only, excluding reverse-charge and non-tax liabilities; electronic cash ledger balances may pay tax, interest, penalties, fees, and other payable amounts. Circulars GST - States Tue, 03 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71646