The Government of Maharashtra on July 21, 2023, issued a circular regarding the Clarification of refund-related issues
This has a reference to the CBIC Circular No. 197/09/2023- GST related to the Clarification of refund-related issues
The following has been clarified namely: -
• Refund of accumulated input tax credit under Section 54(3) on the basis of that available as per FORM GSTR 2B
• Requirement of the undertaking in FORM RFD 01 inserted vide Circular No. 125/44/2019-GST
• Manner of calculation of Adjusted Total Turnover under sub-rule (4) of Rule 89 of CGST Rules consequent to Explanation inserted in sub-rule (4) of Rule 89 vide notification No. 14/2022- CT.
• Clarification in respect of admissibility of refund where an exporter applies for a refund subsequent to compliance with the provisions of sub-rule (1) of rule 96A
[Circular No. 17 T of 2023]
