February 4, 2023
GST Latest

CBIC clarifies issues related to claiming ITC of debit note, carrying of e-invoice with e-way bill and refund of NIL rate of export duty

GST rate notifications
Print Friendly, PDF & Email

The Central Board of Indirect Taxes and Customs (CBIC) has notified the circular in which clarifications have been issued for various items which are as follows:-

Regarding De linking of Debit notes

W.e.f. 01-01-2021, the section 16(4) has been amended in which it has been stated that the debit notes are de-linked with the original invoice issued. So, for the purpose of claiming the ITC for the debit notes, it has to be calculated as per the date of debit note for the purpose of claiming instead of the date of original invoice as per section 16(4).

Whether carrying of physical invoice is required in case of E-Invoice

In the circular it has been clarified that the carrying of E-Invoice along with E-way bill is not mandatory as the proper officer can authenticate the Invoice with the QR code.

Regarding refund of unutilized ITC in case of NIL rate of export duty

In the case of refund of unutilized ITC in case of NIL rate of export duty, it has been stated that if there is export duty levied on export, then there shall be restriction in case of refund of unutilized ITC.

To view and download the circular, click here Circular

Related posts

Lok Sabha passes Insolvency and Bankruptcy Code (Second Amendment) Bill, 2018


Notification No. 02/2020-Central Tax – Rate on maintenance, repair and overhaul (MRO) services in respect of aircraft from 18% to 5% with full ITC


Circular No 108/2019-Central Tax – Clarification regarding procedures to be followed in respect of goods sent / taken out of India for exhibition purpose or on consignment basis for export promotion


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

error: Content is protected !!