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of <h1>Jharkhand Clarifies ITC Refund Rules Under Inverted Duty Structure; Concessional Output Rates Eligible for Refunds.</h1> The Government of Jharkhand's Commercial Taxes Department issued a clarification regarding the refund of accumulated input tax credit (ITC) under an inverted duty structure when suppliers provide goods under a concessional notification. The circular specifies that refunds are not applicable when input and output supplies are the same, even if they have different tax rates at different times. However, if the tax rate on output supplies is lower due to a concessional notification, refunds of accumulated ITC are allowed, provided other conditions are met. The circular advises issuing trade notices to disseminate this clarification.
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