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=65839 Clarification permits refund of accumulated input tax credit where credit accumulation results from the rate on inputs exceeding the rate on output supplies because the supplier makes output supplies under a concessional notification that sets a lower contemporaneous tax rate, provided the supplies are not nil rated or fully exempt and are not notified as excluded from refund, and subject to other statutory conditions under clause (ii) of the first proviso to sub-section (3) of section 54 of the APGST Act. en-us Fri, 29 Jul 2022 00:00:00 +0530 Sat, 03 Sep 2022 18:39:00 +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=65839 Clarification permits refund of accumulated input tax credit where credit accumulation results from the rate on inputs exceeding the rate on output supplies because the supplier makes output supplies under a concessional notification that sets a lower contemporaneous tax rate, provided the supplies are not nil rated or fully exempt and are not notified as excluded from refund, and subject to other statutory conditions under clause (ii) of the first proviso to sub-section (3) of section 54 of the APGST Act. Circulars GST - States Fri, 29 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65839