Goods on which refund of unutilised input tax credit is not allowed are specified, including textile and railway items. Notification bars refund of unutilised input tax credit for specified goods where credit accumulates because input tax rates exceed output tax rates (excluding nil rated or fully exempt supplies); goods are listed by tariff items using the Customs Tariff Act schedule and interpretation rules, and the measure takes effect from 1 July 2017.
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.
Goods on which refund of unutilised input tax credit is not allowed are specified, including textile and railway items.
Notification bars refund of unutilised input tax credit for specified goods where credit accumulates because input tax rates exceed output tax rates (excluding nil rated or fully exempt supplies); goods are listed by tariff items using the Customs Tariff Act schedule and interpretation rules, and the measure takes effect from 1 July 2017.
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