Restriction on refund of un-utlised ITC where the credit has accumulated on account of Rate of tax on Inputs being higher than the rate of tax on the output supplies of such goods(other than Nil rated and fully exempt supplies).

Restriction on refund of un-utlised ITC where the credit has accumulated on account of Rate of tax on Inputs being higher than the rate of tax on the output supplies of such goods(other than Nil rated and fully exempt supplies). https://www.taxtmi.com/notifications?id=120962 Notification restricts refund of unutilised Input Tax Credit where credit accumulated because the rate of tax on inputs is higher than the rate on output supplies; the restriction applies to goods listed by tariff heading (not including nil rated or fully exempt supplies) and directs application of the Customs Tariff First Schedule interpretation rules to those tariff references. en-us Thu, 29 Jun 2017 00:00:00 +0530 Mon, 24 Jul 2017 14:49:00 +0530 TaxTMI RSS Generator Restriction on refund of un-utlised ITC where the credit has accumulated on account of Rate of tax on Inputs being higher than the rate of tax on the output supplies of such goods(other than Nil rated and fully exempt supplies). https://www.taxtmi.com/notifications?id=120962 Notification restricts refund of unutilised Input Tax Credit where credit accumulated because the rate of tax on inputs is higher than the rate on output supplies; the restriction applies to goods listed by tariff heading (not including nil rated or fully exempt supplies) and directs application of the Customs Tariff First Schedule interpretation rules to those tariff references. Notifications GST - States Thu, 29 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/notifications?id=120962