Refund of accumulated input tax credit allowed where concessional notification causes output tax to be lower than input tax. Refund of accumulated input tax credit is allowable where accumulated ITC arises because output supplies attract a lower tax rate than inputs due to a contemporaneous Government concessional notification. Such refunds are permissible under clause (ii) of the first proviso to sub section (3) of section 54 of the JGST Act, except where output supplies are nil rated or fully exempt or are otherwise notified for exclusion.
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 of accumulated input tax credit allowed where concessional notification causes output tax to be lower than input tax.
Refund of accumulated input tax credit is allowable where accumulated ITC arises because output supplies attract a lower tax rate than inputs due to a contemporaneous Government concessional notification. Such refunds are permissible under clause (ii) of the first proviso to sub section (3) of section 54 of the JGST Act, except where output supplies are nil rated or fully exempt or are otherwise notified for exclusion.
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