Taxpayer entitled to refund under Inverted Duty Structure when tax on input erroneously charged by the Supplier at higher rate

Taxpayer entitled to refund under Inverted Duty Structure when tax on input erroneously charged by the Supplier at higher rate https://www.taxtmi.com/article/detailed?id=12166 A taxpayer is entitled to a refund under the Inverted Duty Structure where input tax was erroneously charged by the supplier at a higher rate than the rate applicable to the output supply; the excess input tax is refundable and carries interest. The appellate order granting refund was upheld, the writ petition dismissed, and the revenue was directed to pass and deposit the refund with interest within the prescribed period. en-us Mon, 25 Dec 2023 10:47:02 +0530 Mon, 25 Dec 2023 10:47:02 +0530 TaxTMI RSS Generator Taxpayer entitled to refund under Inverted Duty Structure when tax on input erroneously charged by the Supplier at higher rate https://www.taxtmi.com/article/detailed?id=12166 A taxpayer is entitled to a refund under the Inverted Duty Structure where input tax was erroneously charged by the supplier at a higher rate than the rate applicable to the output supply; the excess input tax is refundable and carries interest. The appellate order granting refund was upheld, the writ petition dismissed, and the revenue was directed to pass and deposit the refund with interest within the prescribed period. Articles Goods and Services Tax - GST Mon, 25 Dec 2023 10:47:02 +0530 https://www.taxtmi.com/article/detailed?id=12166