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=66691 Refund of accumulated input tax credit on account of an inverted duty structure is admissible where the rate of tax on outward supplies is lower than on inputs at the same point in time due to supply under a concessional notification, subject to other statutory conditions; refunds remain unavailable where output is nil rated or fully exempt or where the Government has notified exclusions. en-us Fri, 08 Jul 2022 00:00:00 +0530 Mon, 07 Aug 2023 17:49:00 +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=66691 Refund of accumulated input tax credit on account of an inverted duty structure is admissible where the rate of tax on outward supplies is lower than on inputs at the same point in time due to supply under a concessional notification, subject to other statutory conditions; refunds remain unavailable where output is nil rated or fully exempt or where the Government has notified exclusions. Circulars GST - States Fri, 08 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66691