Circular on refund of unutilised credit of input tax

[So B]

Dear All,

This video is on recent circular which puts certain restriction on claiming refund of unutilized input tax credit under the GST law.

[PAWAN KUMAR]

Nice video.

Please guide on recent amendment in rule 96 (10) vide not.no 16/2020-central tax.

AI Summary

Refund of unutilised input tax credit now subject to conditional procedural requirements following recent rule amendment. Restriction on refund of unutilised input tax credit under a recent circular imposes conditionalities and procedural requirements linked to a rule amendment, requiring taxpayers to satisfy notification based eligibility and documentary compliance before refunds of accumulated ITC are processed.