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TMI BlogClarification in respect of certain challenges faced by the registered persons in implementation of provisions or GST LawsX X X X Extracts X X X X X X X X Extracts X X X X ..... of provisions or GST Laws-reg. The Department of Revenue Central Board of Indirect Taxes and Customs, GST Policy Wing vide Circular No. 137/07/2020- GST dated 13th April. 2020 has issued a clarification in respect of certain challenges faced by the registered persons in implementation of provisions of GST Laws, in order to ensure uniformity in the implementation of the provisions of law across the field formations, which is annexed herewith. In exercise of powers conferred by section 168 of the Tripura State Goods and Services Tax Act, 2017 (Tripura Act No. 9 of 2017) for the purpose of uniformity in the implementation of the Act it is instructed to follow the clarification issued vide Circular No. 137/07/2020 GST dated 13th April, 2020 b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ns of the law across the field formations, the Board, in exercise of its powers conferred under section 168(1) of the CGST Act hereby clarifies as under: S. No. Issue Clarification 1. An advance is received by a supplier for a Service contract which subsequently got cancelled. The supplier has issued the invoice before supply of service and paid the GST thereon. Whether he can claim refund of tax paid or is he required to adjust his tax liability in his returns ? In case GST is paid by the supplier on advances received for a future event which got cancelled subsequently and for which invoice is issued before supply of service, the supplier is required to issue a "credit note" in terms of section 34 of the CGST Act. He shall declare th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ient and where tax invoice had been issued, the supplier is required to issue a "credit note" in terms of section 34 of the CGST Act. He shall declare the details of such credit notes in the return for the month during which such credit note has been issued. The tax liability shall be adjusted in the return subject to conditions of section 34 of the CGST Act. There is no need to file a separate refund claim in such a case. However, in cases where there is no output liability against which a credit note can be adjusted, registered persons may proceed to file a claim under "Excess payment of tax, if any" through FORM GST RFD-01. 4. Letter of Undertaking (LUT) furnished for the purposes of zero-rated supplies as per provisions of section 16 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed 03.04.2020, where the timeline for any compliance required as per sub-section (3) of section 39 and section 51 of the Central Goods and Services Tax Act, 2017 falls during the period from 20.03.2020 to 29.06.2020, the same has been extended till 30.06.2020. Accordingly, the due date for furnishing of return in FORM GSTR-7 along with deposit of tax deducted for the said period has also been extended till 30.06.2020 and no interest under section 50 shall be leviable if tax deducted is deposited by 30.06.2020. 6. As per section 54 (1), a person is required to make an application before expiry of two years from the relevant date. If in a particular case, date for making an application for refund expires on 31.03.2020, can such person make ..... X X X X Extracts X X X X X X X X Extracts X X X X
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