Inverted duty refund: concessional supplier rates can permit ITC refund where output tax is lower than input tax. Refund of accumulated ITC under the inverted duty structure is allowed when accumulation results from the rate on outward supplies being lower than the rate on inputs for the same goods at the same time because the supplier makes supply under a concessional notification, subject to other conditions and excluding cases where the output is Nil rated, fully exempt, or 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.
Inverted duty refund: concessional supplier rates can permit ITC refund where output tax is lower than input tax.
Refund of accumulated ITC under the inverted duty structure is allowed when accumulation results from the rate on outward supplies being lower than the rate on inputs for the same goods at the same time because the supplier makes supply under a concessional notification, subject to other conditions and excluding cases where the output is Nil rated, fully exempt, or specifically excluded by government notification.
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