No refund for unutilised input tax credit where input tax rate exceeds output tax rate for specified goods under GST. Notification designates specified goods for which no refund of unutilised input tax credit shall be allowed where credit accumulated because tax on inputs exceeds tax on output supplies (excluding nil rated or fully exempt supplies), listing tariff items and goods and applying Customs Tariff Schedule interpretation rules.
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.
No refund for unutilised input tax credit where input tax rate exceeds output tax rate for specified goods under GST.
Notification designates specified goods for which no refund of unutilised input tax credit shall be allowed where credit accumulated because tax on inputs exceeds tax on output supplies (excluding nil rated or fully exempt supplies), listing tariff items and goods and applying Customs Tariff Schedule interpretation rules.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.