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of <h1>West Bengal Clarifies Refund Eligibility for Inverted Duty Structure Under Concessional Notification; Excludes Nil-Rated Supplies.</h1> The circular issued by the West Bengal Directorate of Commercial Taxes clarifies the refund eligibility under the inverted duty structure when goods are supplied under a concessional notification. It states that refunds of accumulated input tax credit (ITC) are permissible when the tax rate on inputs is higher than on output supplies, even if the input and output are the same goods, provided the output is taxed at a lower rate due to a concessional notification. However, refunds are not applicable if the output supply is nil-rated, fully exempted, or specifically excluded by the government. Any implementation difficulties should be reported to the Commissioner.
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