https://www.taxtmi.com/article/detailed?id=12202 Refund of accumulated ITC is available where accumulation is caused by tax rates on input supplies exceeding tax rates on output supplies; Section 54(3)(ii) addresses accumulation from plural inputs and outputs and does not limit comparison to the principal input and principal output. Differential taxation of other inputs that leads to unutilised ITC falls within the statutory test, and Circular No. 135/05/2020-GST cannot be read to categorically preclude refunds in such circumstances. en-us Tue, 09 Jan 2024 09:37:20 +0530 Tue, 09 Jan 2024 09:37:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12202 Refund of accumulated ITC is available where accumulation is caused by tax rates on input supplies exceeding tax rates on output supplies; Section 54(3)(ii) addresses accumulation from plural inputs and outputs and does not limit comparison to the principal input and principal output. Differential taxation of other inputs that leads to unutilised ITC falls within the statutory test, and Circular No. 135/05/2020-GST cannot be read to categorically preclude refunds in such circumstances. Articles Goods and Services Tax - GST Tue, 09 Jan 2024 09:37:20 +0530 https://www.taxtmi.com/article/detailed?id=12202