Govt. amends inter alia formula for inverted duty structure refunds; Notifies 'Final Return' format

Central Govt. notifies the CGST (Fourth Amendment) Rules 2018, inter alia amends the formula prescribed for refund of ITC arising out of inverted duty structure under Rule 89(5) to account for supply of services; In such case, “Net ITC” will not include ITC refund of which is claimed under sub-rules (4A) and / or (4B), i.e. deemed export supplies under Notification No. 48/2017-Central Tax and supply of taxable goods at 0.1% GST for exports; Further amends Rule 97 pertaini...