https://www.taxtmi.com/forum/issue?id=115575 For refund claims under the inverted duty structure, the net input tax credit in Statement-1 must exclude ITC on input services, ITC already claimed under the refund sub provisions, and ITC on capital goods, because the refund rules expressly require exclusion of capital goods credits from the refundable net ITC. en-us Wed, 23 Oct 2019 15:25:00 +0530 Thu, 23 Jan 2025 15:54:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115575 For refund claims under the inverted duty structure, the net input tax credit in Statement-1 must exclude ITC on input services, ITC already claimed under the refund sub provisions, and ITC on capital goods, because the refund rules expressly require exclusion of capital goods credits from the refundable net ITC. Discussion-Forum GST Wed, 23 Oct 2019 15:25:00 +0530 https://www.taxtmi.com/forum/issue?id=115575