Circular 135 of gst
Weborder to make the process of submission of the refund application electronic, Circular No. 79/53/2024-GST dated 31.12.2024 was issued wherein it was specified that the refund application in FORM GST RFD-01A, along with all supporting documents, shall be submitted electronically. ... WebJun 15, 2024 · However, through Circular No. 135/05/2024 – GST dated the 31st March, 2024, department restricted refund on invoices not appearing in GSTR-2A. Therefore, GST refund is restricted to those invoices details of which are uploaded by supplier in GSTR-1 and reflected in GSTR-2A of assessee.
Circular 135 of gst
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WebView (214.70 Kb ) 27-12-2024. Circular No. 184/16/2024-GST. Clarification on the entitlement of input tax credit where the place of supply is determined in terms of the proviso to sub-section (8) of section 12 of the Integrated Goods and Services Tax Act, 2024. … http://vsrca.in/gst/refund-circular-135-issues/
WebJan 7, 2024 · A lot of confusion was going around claiming refunds under GST. The CBIC thus issued a CGST Circular no. 135 dated 31st March 2024 to provide GST refund clarification for some issues surrounding its online processing and ensure uniformity in the implementation of GST provisions. Clubbing of Refund claims across Financial Years WebMar 31, 2024 · Circular No. 135/2024 Central Tax Circular on Clarification on refund related issues - Reg 6 . 18 Nov, 2024 Circular No. 125/2024 Central Tax Seeks to clarify the fully electronic refund process through FORM GST RFD-01 and single disbursement. …
WebApr 2, 2024 · Further Circular 135 also provides room for cases where refund application is not for NIL amount. Circular has already clarified that the discipline of segregating refunds for the financial year was ultra vires …
WebMar 24, 2024 · Circular 135/05/2024 dated 31-03-2024 is clarifying that refund of accumulated ITC under clause (ii) of sub-section (3) of section 54 of the CGST Act would not be applicable in cases where the input and the output supplies are the same. The circular is clarifying the provisions stated in section 54 (3) (ii) with example. plastic sleeves a5WebApr 13, 2024 · Summary of Clarification on refund related issues vide Circular No.135/05/2024 – GST dt. 31st March, 2024, explaining Bunching of Refund claims across Financial Years, Change in manner of refund of tax paid on supplies other … plastic sleeves for art hobby lobbyWebApr 2, 2024 · Quite a few restrictions have been imposed regarding the refund of taxes through Circular no. 135/05/2024-GST dated 31st March 2024. There are quite a few restrictions that are grossly unjustifiable within this Circular. The following discusses everything that is wrong with this Circular: a. plastic sleeves and print protectorsWebMay 13, 2024 · Thus, the circular no. 135 clarified that refund would be restricted to the extent of ITC on the invoices reflected in GSTR-2A. In this article, an attempt made is made to analyze the legal validity of the clarification. As seen from the circular, the circular was issued in wake of Rule 36 (4) of CGST Rules, 2024 as amended. plastic sleeves for 3 x 5 cardsWebBoard vide Circular No. 17/17/2024 – GST dated 15th November 2024 and Circular No. 24/24/2024 – GST dated 21st December 2024 clarified various issues in relation to processing of claims for refund. Since then, several representations have been received seeking further clarifications on issues relating to refund. plastic sleeves artWebMar 31, 2024 · Circular 135/05/2024 dated 31st March 2024: There were many updates, notifications, press release and circulars which were doing the round at the end of Financial Year. One such clarification is issued vide Circular No. 135/05/2024 dated 31st March … plastic sleeves for badgesWebGST Circular No 135/2024 1) Restriction on Bunching of refund claims across Financial Years is removed via this circular 2) Refund being allowed on inverted duty structure under section 54 (3) (ii) of the CGST Act, where the credit has accumulated due to rate of tax … plastic sleeves for 8 1/2 x 11