https://www.taxtmi.com/forum/issue?id=116163 Refund under the inverted duty structure is available where input tax rates exceed output tax rates and an unutilised input tax credit remains; statutory provision cited is section 54(3) CGST Act read with rule 89(5). Accumulated credit on inputs may be refunded or carried forward, but eligibility for refund of credit attributable to input services is disputed and transitional credit is excluded by administrative clarification. en-us Fri, 20 Mar 2020 16:23:55 +0530 Thu, 23 Jan 2025 15:54:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116163 Refund under the inverted duty structure is available where input tax rates exceed output tax rates and an unutilised input tax credit remains; statutory provision cited is section 54(3) CGST Act read with rule 89(5). Accumulated credit on inputs may be refunded or carried forward, but eligibility for refund of credit attributable to input services is disputed and transitional credit is excluded by administrative clarification. Discussion-Forum GST Fri, 20 Mar 2020 16:23:55 +0530 https://www.taxtmi.com/forum/issue?id=116163