https://www.taxtmi.com/circulars?id=66014 An amendment to the refund calculation formula for unutilised input tax credit due to inverted duty structure is prospective and applies only to refund applications filed on or after its effective date; applications filed before that date shall be processed under the earlier formula. A separate notification restricting refunds for specified goods where input tax exceeds output tax is also prospective and applies only to refund applications filed on or after its effective date, not to earlier applications. en-us Mon, 14 Nov 2022 00:00:00 +0530 Mon, 21 Nov 2022 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66014 An amendment to the refund calculation formula for unutilised input tax credit due to inverted duty structure is prospective and applies only to refund applications filed on or after its effective date; applications filed before that date shall be processed under the earlier formula. A separate notification restricting refunds for specified goods where input tax exceeds output tax is also prospective and applies only to refund applications filed on or after its effective date, not to earlier applications. Circulars GST - States Mon, 14 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66014