Mandatory furnishing of inter state supply in GSTR-3B
Mandatory furnishing of inter state supply in GSTR-3B
Circular No. 170/02/2022-GST
a) Mandatory furnishing of correct and proper information of inter-State supplies and amount of ineligible/blocked Input Tax Credit and reversal thereof in return in FORM GSTR-3B and statement in FORM GSTR-1
b) Furnishing of information regarding inter-State supplies made to unregistered persons, composition taxable persons and UIN holders
ITC on Deemed export not an ITC Under Sec-17 & Shall not to be included in " Net ITC" for refund of Inverted Duty Rule:89(5)
ITC on Deemed export not an ITC Under Sec-17 & Shall not to be included in " Net ITC" for refund of Inverted Duty Rule:89(5)
Circular No. 172/04/2022-GST
a) The ITC of tax paid on deemed export supplies, allowed to the recipients for claiming refund of such tax paid, is not ITC in terms of the provisions of Chapter V of the CGST Act, 2017. Therefore, the ITC so availed by the recipient of deemed export supplies would not be subjected to provisions of Section 17 of the CGST Act, 2017.
b) ITC availed by the recipient of deemed export supply for claiming refund of tax paid on supplies regarded as deemed exports is not to be included in the “Net ITC” for computation of refund of unutilised ITC on account of zero-rated supplies under rule 89(4) or on account of inverted rated structure under rule 89(5) of the CGST Rules, 2017.
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