https://www.taxtmi.com/forum/issue?id=115500 Refund of accumulated input tax credit arising from a mix of taxable and exempt supplies is not admissible under Section 54; instead verify correct ITC reversal under Rule 42 and assess whether accumulation reflects incorrect value addition, improper reversal calculation, or inclusion of ineligible credits. Modest or non recurring balances may be absorbed in future taxable supplies, but taxpayers must reconcile inward credits, exclude ineligible items, and seek professional advice to correct reporting and reversal procedures rather than seek refund relief. en-us Tue, 08 Oct 2019 10:22:04 +0530 Thu, 23 Jan 2025 15:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115500 Refund of accumulated input tax credit arising from a mix of taxable and exempt supplies is not admissible under Section 54; instead verify correct ITC reversal under Rule 42 and assess whether accumulation reflects incorrect value addition, improper reversal calculation, or inclusion of ineligible credits. Modest or non recurring balances may be absorbed in future taxable supplies, but taxpayers must reconcile inward credits, exclude ineligible items, and seek professional advice to correct reporting and reversal procedures rather than seek refund relief. Discussion-Forum GST Tue, 08 Oct 2019 10:22:04 +0530 https://www.taxtmi.com/forum/issue?id=115500