https://www.taxtmi.com/forum/issue?id=114524 Entitlement to refund of input tax credit accumulated due to inverted tax structure is addressed by Circular No. 37/11/2018 GST (para 13). Supplies to the railways are not eligible for refund under the inverted tax ITC head, per the applicable rate notification framework. The remaining issue is how to compute the refundable ITC where supplies to merchant exporters are taxed at a nominal rate, requiring application of the circular's prescribed refund calculation methodology. en-us Sat, 19 Jan 2019 19:27:34 +0530 Thu, 23 Jan 2025 15:55:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114524 Entitlement to refund of input tax credit accumulated due to inverted tax structure is addressed by Circular No. 37/11/2018 GST (para 13). Supplies to the railways are not eligible for refund under the inverted tax ITC head, per the applicable rate notification framework. The remaining issue is how to compute the refundable ITC where supplies to merchant exporters are taxed at a nominal rate, requiring application of the circular's prescribed refund calculation methodology. Discussion-Forum GST Sat, 19 Jan 2019 19:27:34 +0530 https://www.taxtmi.com/forum/issue?id=114524