Notifies the goods no refund of input tax credit shall be allowed, where the credit has accumulated on account of rate of tax on inputs - 05/2017-State Tax (Rate) - Manipur SGST
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Specified goods: no refund of accumulated input tax credit where input tax rate exceeds output tax rate. Notification designates specified tariff items for which no refund of input tax credit is allowed where credit has accumulated because the tax rate on inputs is higher than the rate on output supplies (other than nil rated or fully exempt supplies); interpretation follows the First Schedule to the Customs Tariff Act, 1975.
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.
Specified goods: no refund of accumulated input tax credit where input tax rate exceeds output tax rate.
Notification designates specified tariff items for which no refund of input tax credit is allowed where credit has accumulated because the tax rate on inputs is higher than the rate on output supplies (other than nil rated or fully exempt supplies); interpretation follows the First Schedule to the Customs Tariff Act, 1975.
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