Undue Hardship on GST Registered person by Circular No.135/05/2020

CBIC (Central Board of Indirect Tax and Customs) has issued Circular No.135/05/2020  stating Guidelines for refunds of Input Tax Credit under Section 54(3) The Circular states that that the refund of accumulated ITC shall be restricted to the ITC as per those invoices, the details of which are uploaded by the supplier in FORM GSTR-1, […]

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