Clarification on issue of claiming refund under inverted duty structure where the supplier is supplying goods under some concessional notification

Clarification on issue of claiming refund under inverted duty structure where the supplier is supplying goods under some concessional notification https://www.taxtmi.com/circulars?id=65751 The Circular clarifies that refund of accumulated ITC under clause (ii) of the first proviso to sub section (3) of section 54 is available where accumulation results from the rate on output supplies being lower than the rate on inputs at the same time due to supply under a concessional notification, except where output is nil rated or fully exempted or where supplies are excluded by Government notification; field formations must apply this uniformly and report implementation difficulties. en-us Fri, 08 Jul 2022 00:00:00 +0530 Sat, 23 Jul 2022 13:43:00 +0530 TaxTMI RSS Generator Clarification on issue of claiming refund under inverted duty structure where the supplier is supplying goods under some concessional notification https://www.taxtmi.com/circulars?id=65751 The Circular clarifies that refund of accumulated ITC under clause (ii) of the first proviso to sub section (3) of section 54 is available where accumulation results from the rate on output supplies being lower than the rate on inputs at the same time due to supply under a concessional notification, except where output is nil rated or fully exempted or where supplies are excluded by Government notification; field formations must apply this uniformly and report implementation difficulties. Circulars GST - States Fri, 08 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65751