CBIC issued clarifications on several issues pertaining to GST: Circular
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- By Chetan Kulasri
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- Last Updated on 8 July, 2022
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Circular No. 170/02/2022-GST to Circular No.176/02/2022-GST dated July 6th, 2022
The GST Council in its 47th meeting has recommended the Government to issue various clarifications. In this regard, the CBIC has issued several circulars to clarify various issues pertaining to GST. The issues on which clarifications have been made are 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; prescribing manner of re-credit in electronic credit ledger using FORM GST PMT-03A; manner of filing refund of unutilized ITC on account of export of electricity etc.
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