CBIC Circular No. 264/10/2026-GST, issued in October 2026, clarifies that the omission of Rule 96(10) of the CGST Rules, which restricted IGST refunds on certain export transactions, applies retrospectively from 23 October 2017. The circular follows the Supreme Court judgment in Goodluck India Ltd. and treats Rules 89(4A) and 89(4B), which restricted ITC refunds in specified cases, in the same manner, including for pending proceedings. Exporters whose refunds were denied or are pending under these restrictions should review their cases against the circular.
CBIC clarifies that ITC on demo vehicles is not blocked for authorised dealers
CBIC Circular No. 262/08/2026-GST, issued in October 2026, withdraws the earlier clarification that denied input tax credit on demo vehicles held by authorised dealers…
