Refund for inverted duty structure allowed where concessional notification lowers output tax, subject to specified exclusions. Refund of accumulated input tax credit is admissible where accumulation arises because the rate of tax on outward supplies is less than the rate on inputs at the same point in time due to supply under a concessional notification; refunds are not admissible for nil rated or fully exempt outputs or where supplies are specifically excluded by Government notification.
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 for inverted duty structure allowed where concessional notification lowers output tax, subject to specified exclusions.
Refund of accumulated input tax credit is admissible where accumulation arises because the rate of tax on outward supplies is less than the rate on inputs at the same point in time due to supply under a concessional notification; refunds are not admissible for nil rated or fully exempt outputs or where supplies are specifically excluded by Government notification.
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