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of <h1>Karnataka Tax Department Clarifies ITC Refund Eligibility for Inverted Duty Structure with Concessional Rates; Excludes Nil-Rated Outputs.</h1> The circular issued by the Karnataka Department of Commercial Taxes clarifies the eligibility for claiming a refund under the inverted duty structure when goods are supplied under a concessional notification. It addresses concerns regarding the interpretation of paragraph 3.2 of a previous circular, stating that refunds of accumulated input tax credit (ITC) are permissible when the tax rate on inputs exceeds that on outputs due to concessional rates, provided other conditions are met. This clarification ensures uniform application of the law, except in cases where outputs are nil-rated, fully exempted, or specifically excluded by the government.
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