Clarification on issue of claiming refund under inverted duty structure where the supplier is supplying goods under some concessional notification

Refund of accumulated input tax credit allowed where concessional notification causes lower output tax rate, subject to exclusions.

Refund of accumulated Input Tax Credit is available where accumulation arises because the rate of tax on outward supplies is lower than the rate on inputs at the same point in time due to supply under a concessional notification; refunds remain unavailable for nil rated or fully exempt supplies and for supplies specifically excluded by Government notification, and other statutory conditions for refund continue to apply.