https://www.taxtmi.com/circulars?id=66390 Clarification: the amended refund calculation formula for unutilised input tax credit due to inverted duty structure applies prospectively to refund applications filed on or after its effective date, while refund applications filed before that date must be processed under the prior formula. Separately, a restriction denying refunds for certain specified goods where credit accumulated on account of higher input tax rates is likewise prospective and applies only to refund applications filed on or after its effective date; earlier filings are unaffected. en-us Wed, 23 Nov 2022 00:00:00 +0530 Sat, 10 Jun 2023 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66390 Clarification: the amended refund calculation formula for unutilised input tax credit due to inverted duty structure applies prospectively to refund applications filed on or after its effective date, while refund applications filed before that date must be processed under the prior formula. Separately, a restriction denying refunds for certain specified goods where credit accumulated on account of higher input tax rates is likewise prospective and applies only to refund applications filed on or after its effective date; earlier filings are unaffected. Circulars GST - States Wed, 23 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66390