https://www.taxtmi.com/article/detailed?id=10701 Accumulated input tax credit caused by an inverted duty structure is eligible for refund where the supplier effects supplies under a concessional notification that produces a lower output tax rate than the input rate; a later circular clarified that such cases were not intended to be excluded and is clarificatory from the earlier circular's date, requiring reassessment of refund claims by the tax authority. en-us Wed, 21 Sep 2022 10:44:26 +0530 Wed, 21 Sep 2022 10:44:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10701 Accumulated input tax credit caused by an inverted duty structure is eligible for refund where the supplier effects supplies under a concessional notification that produces a lower output tax rate than the input rate; a later circular clarified that such cases were not intended to be excluded and is clarificatory from the earlier circular's date, requiring reassessment of refund claims by the tax authority. Articles Goods and Services Tax - GST Wed, 21 Sep 2022 10:44:26 +0530 https://www.taxtmi.com/article/detailed?id=10701