https://www.taxtmi.com/forum/issue?id=113547 Input tax credit is available where purchases or expenses are incurred in the course or furtherance of business and supplies are taxable. Excess input tax on one product may be used to discharge output tax on another product if both activities fall under the same GSTIN and inputs are for business purposes. Refunds for inverted duty structures are available but subject to procedural conditions. Use across different business verticals may attract dispute, so maintain documentation to support set off or refund claims. en-us Wed, 28 Mar 2018 19:25:17 +0530 Thu, 23 Jan 2025 15:55:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113547 Input tax credit is available where purchases or expenses are incurred in the course or furtherance of business and supplies are taxable. Excess input tax on one product may be used to discharge output tax on another product if both activities fall under the same GSTIN and inputs are for business purposes. Refunds for inverted duty structures are available but subject to procedural conditions. Use across different business verticals may attract dispute, so maintain documentation to support set off or refund claims. Discussion-Forum GST Wed, 28 Mar 2018 19:25:17 +0530 https://www.taxtmi.com/forum/issue?id=113547