TaxTMI 
TaxTMI 
Clarification regarding the scope of "as is / as is, where is basis" mentioned in the GST Circulars issued on the basis of recommendation of the GST Council in its meetings.
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....4 All Special Commissioners/Additional Commissioners/Joint Commissioners/ Deputy Commissioners /Assistant Commissioners State Tax, Rajasthan Subject : Clarification regarding the scope of "as is / as is, where is basis" mentioned in the GST Circulars issued on the basis of recommendation of the GST Council in its meetings. Instances were brought to the notice pertaining to the preva....
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....ments for past period have been regularized "As is" or As is, where is basis" in certain cases for supply of goods or services or both. Regularization for the past period has been done, on the recommendations of the Council, in situations, such as, where genuine doubts have arisen as there are two competing entries with different rates in the notifications or issues have arisen due to diverse inte....
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....imed by the taxpayer shall be accepted and no refund shall be made if tax has been paid at the higher rate. The intention of the Council is to regularize payment at a lower rate including nil rate due to the tax position taken by taxable person, as full discharge of tax liability. The tax position of a taxable person is reflected in the returns filed by the person where the applicable rate of tax ....
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....r the period prior to 1.12.2023, the 5% GST paid by tax payer will be treated as tax fully paid and they would not be required to pay duty differential of 7% between 5% and 12%. For those tax payers who have paid 12% GST, no refund would be allowed. Illustration 2: In a situation where certain tax payers have paid 5% GST on supply of "X" while some have paid nil duty due to the g....