GST Circular No.147/2021 - Clarification on refund related issues

 Dear Readers,

The Central Board of Indirect Taxes and Customs (CBIC) has issued a clarification on manner of calculation of Adjusted Total Turnover under sub-rule 4 of Rule 89 of CGST Rules, 2017. 

This is a much awaited clarification in respect of refunds under rule 89(4) as department while issuing refund was considering export turnover as per amended definition whereas adjusted total turnover was calculated without considering the amended export turnover as such eligible refund comes to lower side.


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