https://www.taxtmi.com/forum/issue?id=115881 Excess ITC from IGST paid on import that exceeds tax on domestic supply constitutes an inverted duty structure; refund of such excess is available only under the specified refund notifications and, critically, only where the final product is exported under LUT without payment of tax. Domestic supplies do not qualify for refund of unutilised ITC, so the excess credit must be forgone or used to discharge outward tax liabilities. en-us Fri, 10 Jan 2020 20:09:30 +0530 Thu, 23 Jan 2025 15:54:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115881 Excess ITC from IGST paid on import that exceeds tax on domestic supply constitutes an inverted duty structure; refund of such excess is available only under the specified refund notifications and, critically, only where the final product is exported under LUT without payment of tax. Domestic supplies do not qualify for refund of unutilised ITC, so the excess credit must be forgone or used to discharge outward tax liabilities. Discussion-Forum GST Fri, 10 Jan 2020 20:09:30 +0530 https://www.taxtmi.com/forum/issue?id=115881