https://www.taxtmi.com/forum/issue?id=116182 Section 54(3) restricts simultaneous refund claims of inverted duty ITC and refunds for exports made on payment of IGST; exporting under Letter of Undertaking allows refunds of input tax credit on inputs and input services and permits contesting ITC on capital goods, while procurement under advance authorisation or EPCG can prevent further ITC accumulation. en-us Sat, 04 Apr 2020 13:26:01 +0530 Thu, 23 Jan 2025 15:54:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116182 Section 54(3) restricts simultaneous refund claims of inverted duty ITC and refunds for exports made on payment of IGST; exporting under Letter of Undertaking allows refunds of input tax credit on inputs and input services and permits contesting ITC on capital goods, while procurement under advance authorisation or EPCG can prevent further ITC accumulation. Discussion-Forum GST Sat, 04 Apr 2020 13:26:01 +0530 https://www.taxtmi.com/forum/issue?id=116182