https://www.taxtmi.com/circulars?id=66725 An amendment to sub-rule (5) of rule 89 modifying the formula for refund of unutilised input tax credit on account of inverted duty structure is prospective and applies to refund applications filed on or after its effective date, with earlier applications governed by the pre-amendment formula. Separately, a notification specifying certain goods for which no refund shall be allowed where credit accumulated due to higher input tax rates applies prospectively to refund applications filed on or after its effective date and not to earlier applications. en-us Thu, 10 Nov 2022 00:00:00 +0530 Fri, 11 Aug 2023 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66725 An amendment to sub-rule (5) of rule 89 modifying the formula for refund of unutilised input tax credit on account of inverted duty structure is prospective and applies to refund applications filed on or after its effective date, with earlier applications governed by the pre-amendment formula. Separately, a notification specifying certain goods for which no refund shall be allowed where credit accumulated due to higher input tax rates applies prospectively to refund applications filed on or after its effective date and not to earlier applications. Circulars GST - States Thu, 10 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66725