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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
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