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of <h1>Kerala GST Ordinance: No Refund on Unutilized Input Tax Credit for Certain Fabrics and Railway Parts from July 2017.</h1> The Government of Kerala, under the Kerala Goods and Services Tax Ordinance, 2017, has issued a notification effective from July 1, 2017, specifying goods for which no refund of unutilized input tax credit will be allowed. This applies when the tax rate on inputs exceeds the tax rate on output supplies, except for nil-rated or fully exempt supplies. The listed goods include various woven fabrics, knitted or crocheted fabrics, and specific railway and tramway vehicles and parts. This decision follows recommendations from the Council and aims to regulate tax credit accumulation under the specified conditions.
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