Refund of accumulated input tax credit on fabrics clarified after restriction removal for compliance and trade communication. Clarification is issued on the removal of the restriction on refund of accumulated input tax credit on fabrics. The circular forwards the central clarification for State-level implementation and directs officers to inform subordinate authorities, ensure compliance, and communicate the revised position to trade organisations.
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Refund of accumulated input tax credit on fabrics clarified after restriction removal for compliance and trade communication.
Clarification is issued on the removal of the restriction on refund of accumulated input tax credit on fabrics. The circular forwards the central clarification for State-level implementation and directs officers to inform subordinate authorities, ensure compliance, and communicate the revised position to trade organisations.
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