https://www.taxtmi.com/forum/issue?id=117685 Where a works contractor's input tax credit exceeds output tax under an inverted duty structure, refund eligibility turns on whether the supply is excluded by the Schedule II immovable-property treatment; the refund-exclusion notification targets that immovable-property category and does not automatically bar works contracts, which are separately classified, from claiming refunds under the statutory refund formula; administrative rulings have recognised refund relief for large works contracts to prevent cascading where ITC exceeds output tax. en-us Fri, 10 Dec 2021 10:15:04 +0530 Thu, 23 Jan 2025 15:54:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117685 Where a works contractor's input tax credit exceeds output tax under an inverted duty structure, refund eligibility turns on whether the supply is excluded by the Schedule II immovable-property treatment; the refund-exclusion notification targets that immovable-property category and does not automatically bar works contracts, which are separately classified, from claiming refunds under the statutory refund formula; administrative rulings have recognised refund relief for large works contracts to prevent cascading where ITC exceeds output tax. Discussion-Forum GST Fri, 10 Dec 2021 10:15:04 +0530 https://www.taxtmi.com/forum/issue?id=117685