GST refunds can be adjusted against outstanding tax, interest, or penalty dues before release. Tracking liabilities in advance helps avoid cash flow issues. For GST refund support, visit: lexntax.com

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Gst department issued an advisory and frequently asked questions on credit reversal and Re-claimed statements and RCM.

Input taken during the year is net off credit reversal and Re-claimed statement.

#InputTaxCredit #FAQs #GSTAdvisory #Reclaimwdstatement #gstindia