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=65759 Refund of accumulated ITC under the inverted duty framework is admissible where accumulation arises because the rate of tax on outward supplies is lower than the rate on inputs at the same point in time due to supply under a concessional notification, except where output supply is nil rated or fully exempt or where the Government has notified exclusion; admissibility remains subject to fulfillment of other statutory conditions. en-us Tue, 12 Jul 2022 00:00:00 +0530 Mon, 25 Jul 2022 17:44:00 +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=65759 Refund of accumulated ITC under the inverted duty framework is admissible where accumulation arises because the rate of tax on outward supplies is lower than the rate on inputs at the same point in time due to supply under a concessional notification, except where output supply is nil rated or fully exempt or where the Government has notified exclusion; admissibility remains subject to fulfillment of other statutory conditions. Circulars GST - States Tue, 12 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65759