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of <h1>Uttar Pradesh Lifts Restrictions on Refund of Accumulated Input Tax Credit for Fabrics Under GST Framework.</h1> The circular addresses the removal of restrictions on the refund of accumulated Input Tax Credit (ITC) on fabrics under the GST framework in Uttar Pradesh. It clarifies that taxpayers dealing in fabrics can now claim refunds on their accumulated ITC, which was previously restricted. This change aims to provide relief to businesses in the textile sector by improving liquidity and reducing financial burdens. The circular is issued to ensure compliance and uniformity in the implementation of this policy change across the state.
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