CBIC clarifies GST issues related to casual taxable person and input service distributor

CBIC releases clarifications on issues under GST relating to casual taxable person (CTP) and recovery of excess Input Tax Credit (ITC) distributed by an Input Service Distributor (ISD); Noting that while applying for registration as CTP, FORM GST REG-1 (S. No. 11) seeks information regarding the “estimated net tax liability” only and not the gross tax liability, clarifies that “amount of advance tax which a casual taxable person is required to deposit while obtaining re...