https://www.taxtmi.com/forum/issue?id=114434 Accumulation of input tax credit because inputs attract higher GST than outputs taxed at a concessional rate can justify a refund under the inverted tax structure; merchant exporter transactions are treated as export supplies for this purpose. Where inputs are common to supplies at different rates, claimants should segregate ITC by documentary methods such as cost accountant certification or apportionment by turnover ratio to allocate credit to lower rated supplies and exports. en-us Thu, 27 Dec 2018 11:20:04 +0530 Thu, 23 Jan 2025 15:55:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114434 Accumulation of input tax credit because inputs attract higher GST than outputs taxed at a concessional rate can justify a refund under the inverted tax structure; merchant exporter transactions are treated as export supplies for this purpose. Where inputs are common to supplies at different rates, claimants should segregate ITC by documentary methods such as cost accountant certification or apportionment by turnover ratio to allocate credit to lower rated supplies and exports. Discussion-Forum GST Thu, 27 Dec 2018 11:20:04 +0530 https://www.taxtmi.com/forum/issue?id=114434