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of <h1>CGST Refund Clarifications: Amendments Apply Prospectively from July 2022 for Inverted Duty Structure Refunds. Feedback Invited.</h1> The circular addresses refund issues related to the Central Goods and Services Tax (CGST) Act, 2017, specifically regarding unutilized input tax credit due to an inverted duty structure. It clarifies that amendments to the refund calculation formula under Notification No. 14/2022, effective from July 5, 2022, apply only to refund applications filed on or after that date. Similarly, restrictions on refunds for specific goods under Notification No. 09/2022, effective from July 18, 2022, apply prospectively to applications filed on or after this date. The circular requests dissemination of these clarifications and invites feedback on implementation difficulties.
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