Day: August 24, 2018

Removal of restriction of refund of accumulated lTC on fabrics-Clarification. Formula to prevent ITC lapsing

Removal of restriction of refund of accumulated lTC on fabrics-Clarification. Formula prescribed to prevent ITC lapsing and procedure to be followed  Circular No.56/30/2018-GST F. No. 354/290/2018-TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit **** North Block, New Delhi 24th August, 2018 To, The Principal Chief Commissioners/Chief …