Circular No.ES/56/2022-23 8th July, 2022
To: Members of the Council
Sub: Clarification on various issues pertaining to GST
CBIC has issued Circular No. 172/04/2022-GST dated 6th July, 2022 by providing clarity on the following aspects:
- Non applicability of section 17 for ITC availed as recipient of Deemed exports,
- Interpretation of section 17(5) explanation,
- Reiterating the earlier clarification that perquisites provided in the course of employment to employees is outside the preview of GST,
- Defining in what circumstances ITC in Electronic credit ledger can be availed for payment of Tax and in what cases it cannot be utilised.
For detailed information, members may kindly refer to Circular No. 172/04/2022-GST.
Members may kindly make a note of the above.