Refund under inverted duty structure allowed when concessional notification causes lower output tax rate, subject to exclusions and conditions. 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 time due to supply of goods under a government concessional notification; refunds are not available for nil rated or fully exempt outputs and for supplies specifically excluded by government notification, and remain subject to other statutory and procedural conditions for inverted duty refunds.
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 under inverted duty structure allowed when concessional notification causes lower output tax rate, subject to exclusions and conditions.
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 time due to supply of goods under a government concessional notification; refunds are not available for nil rated or fully exempt outputs and for supplies specifically excluded by government notification, and remain subject to other statutory and procedural conditions for inverted duty refunds.
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