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=67383 Refund of accumulated input tax credit is allowable where accumulated ITC arises because output supplies attract a lower tax rate than inputs due to a contemporaneous Government concessional notification. Such refunds are permissible under clause (ii) of the first proviso to sub section (3) of section 54 of the JGST Act, except where output supplies are nil rated or fully exempt or are otherwise notified for exclusion. en-us Tue, 03 Jan 2023 00:00:00 +0530 Mon, 06 May 2024 17:38:00 +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=67383 Refund of accumulated input tax credit is allowable where accumulated ITC arises because output supplies attract a lower tax rate than inputs due to a contemporaneous Government concessional notification. Such refunds are permissible under clause (ii) of the first proviso to sub section (3) of section 54 of the JGST Act, except where output supplies are nil rated or fully exempt or are otherwise notified for exclusion. Circulars GST - States Tue, 03 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67383