https://www.taxtmi.com/forum/issue?id=114624 Rule 89(5) restricts refunds in inverted duty structures by excluding input services and capital goods credits from the refund formula, leaving unutilised service credit; Section 54 and its explanations confine the relevant date and period for claiming refunds, preventing indefinite accumulation or carryforward, and taxpayers may challenge Rule 89(5) judicially while administrative representation is an alternative. en-us Thu, 14 Feb 2019 00:35:18 +0530 Thu, 23 Jan 2025 15:55:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114624 Rule 89(5) restricts refunds in inverted duty structures by excluding input services and capital goods credits from the refund formula, leaving unutilised service credit; Section 54 and its explanations confine the relevant date and period for claiming refunds, preventing indefinite accumulation or carryforward, and taxpayers may challenge Rule 89(5) judicially while administrative representation is an alternative. Discussion-Forum GST Thu, 14 Feb 2019 00:35:18 +0530 https://www.taxtmi.com/forum/issue?id=114624