https://www.taxtmi.com/highlights?id=62744 Refund of the unutilized ITC accumulated on account of inverted tax structure - refund claimed on account of rate of tax on inputs being higher than the rate of tax on output supplies - By way of the circular, the Board is curtailing the said benefit and making refund permissible only if the input and output supplies are different. - The respondent authority ought not to reject the claim of the petitioners relying on the circular as the prayer made by the petitioners is permissible under the Act - it is held that the petitioners will be entitled to the refund as claimed - HC en-us Sat, 02 Apr 2022 15:27:56 +0530 Sat, 02 Apr 2022 15:27:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62744 Refund of the unutilized ITC accumulated on account of inverted tax structure - refund claimed on account of rate of tax on inputs being higher than the rate of tax on output supplies - By way of the circular, the Board is curtailing the said benefit and making refund permissible only if the input and output supplies are different. - The respondent authority ought not to reject the claim of the petitioners relying on the circular as the prayer made by the petitioners is permissible under the Act - it is held that the petitioners will be entitled to the refund as claimed - HC Highlights GST Sat, 02 Apr 2022 15:27:56 +0530 https://www.taxtmi.com/highlights?id=62744