no refund of unutilized input tax credit accumulated on account of rate of tax on inputs being higher than the rate of tax on the output supplies of such goods.

no refund of unutilized input tax credit accumulated on account of rate of tax on inputs being higher than the rate of tax on the output supplies of such goods. https://www.taxtmi.com/notifications?id=121091 Notification under the Punjab GST Act designates specified tariff items for which no refund of unutilized input tax credit shall be allowed where credit accumulated because input tax rates exceed output tax rates on those goods (excluding nil rated or fully exempt supplies). The listed goods include specified textile fabrics, knitted fabrics, and railway rolling stock, parts and track fixtures. Interpretation follows the First Schedule to the Customs Tariff Act, 1975. The measure is effective from 1 July 2017. en-us Fri, 30 Jun 2017 00:00:00 +0530 Wed, 28 Feb 2018 14:18:00 +0530 TaxTMI RSS Generator no refund of unutilized input tax credit accumulated on account of rate of tax on inputs being higher than the rate of tax on the output supplies of such goods. https://www.taxtmi.com/notifications?id=121091 Notification under the Punjab GST Act designates specified tariff items for which no refund of unutilized input tax credit shall be allowed where credit accumulated because input tax rates exceed output tax rates on those goods (excluding nil rated or fully exempt supplies). The listed goods include specified textile fabrics, knitted fabrics, and railway rolling stock, parts and track fixtures. Interpretation follows the First Schedule to the Customs Tariff Act, 1975. The measure is effective from 1 July 2017. Notifications GST - States Fri, 30 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/notifications?id=121091