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=66024 Refund of accumulated input tax credit is allowable where accumulation results because the rate on outward supplies of the same goods is lower than the rate on inputs at the same point in time due to a Government concessional notification, subject to other statutory conditions; refunds remain inapplicable where output supplies are nil-rated or fully exempted or where supplies are specifically excluded by Government notification. en-us Fri, 02 Sep 2022 00:00:00 +0530 Fri, 25 Nov 2022 17:05:00 +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=66024 Refund of accumulated input tax credit is allowable where accumulation results because the rate on outward supplies of the same goods is lower than the rate on inputs at the same point in time due to a Government concessional notification, subject to other statutory conditions; refunds remain inapplicable where output supplies are nil-rated or fully exempted or where supplies are specifically excluded by Government notification. Circulars GST - States Fri, 02 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66024