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=65996 Refund of accumulated input tax credit under the inverted duty clause is admissible where accumulation arises because the rate of tax on outward supplies of the same goods is lower than the rate on inputs at the same point in time due to supply under a government concessional notification, provided other statutory conditions are fulfilled and excluding cases where the output is nil rated, fully exempt, or specifically excluded by government notification. en-us Thu, 14 Jul 2022 00:00:00 +0530 Wed, 09 Nov 2022 18:03:00 +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=65996 Refund of accumulated input tax credit under the inverted duty clause is admissible where accumulation arises because the rate of tax on outward supplies of the same goods is lower than the rate on inputs at the same point in time due to supply under a government concessional notification, provided other statutory conditions are fulfilled and excluding cases where the output is nil rated, fully exempt, or specifically excluded by government notification. Circulars GST - States Thu, 14 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65996