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.

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.