https://www.taxtmi.com/forum/issue?id=115991 Refundable input tax credit for exports without payment of tax is limited to the proportionate ITC attributable to zero rated supplies; alternatively, claimants may seek relief under an inverted duty structure when input tax rates exceed output rates. To address credits arising in earlier periods, taxpayers may consolidate adjacent tax periods or use an "Any Other" claim category due to portal restrictions, supporting the filing with an explanation and relying on administrative guidance and relevant judicial precedents. Prompt filing is essential where limitation periods approach, and computations must reflect the ratio of zero rated turnover to adjusted turnover and net ITC. en-us Thu, 06 Feb 2020 20:17:04 +0530 Thu, 23 Jan 2025 15:54:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115991 Refundable input tax credit for exports without payment of tax is limited to the proportionate ITC attributable to zero rated supplies; alternatively, claimants may seek relief under an inverted duty structure when input tax rates exceed output rates. To address credits arising in earlier periods, taxpayers may consolidate adjacent tax periods or use an "Any Other" claim category due to portal restrictions, supporting the filing with an explanation and relying on administrative guidance and relevant judicial precedents. Prompt filing is essential where limitation periods approach, and computations must reflect the ratio of zero rated turnover to adjusted turnover and net ITC. Discussion-Forum GST Thu, 06 Feb 2020 20:17:04 +0530 https://www.taxtmi.com/forum/issue?id=115991