https://www.taxtmi.com/article/detailed?id=12044 Refund of unutilised input tax credit is permitted where accumulation of credit arises because input GST rates exceed output GST rates, even with multiple inputs and outputs. The court held that the proviso to Section 54(3) and relevant circulars make the refund scheme applicable where comparative analysis shows inputs taxed at higher rates than outputs, and set aside the administrative rejections, directing fresh consideration of the petitioner's refund claim under the inverted duty structure framework. en-us Fri, 17 Nov 2023 10:10:56 +0530 Fri, 17 Nov 2023 10:10:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12044 Refund of unutilised input tax credit is permitted where accumulation of credit arises because input GST rates exceed output GST rates, even with multiple inputs and outputs. The court held that the proviso to Section 54(3) and relevant circulars make the refund scheme applicable where comparative analysis shows inputs taxed at higher rates than outputs, and set aside the administrative rejections, directing fresh consideration of the petitioner's refund claim under the inverted duty structure framework. Articles Goods and Services Tax - GST Fri, 17 Nov 2023 10:10:56 +0530 https://www.taxtmi.com/article/detailed?id=12044