https://www.taxtmi.com/forum/issue?id=119192 A pharmaceutical taxpayer applying for a GST inverted duty refund also has trading sales of raw material not eligible for inverted duty. The primary legal issue is whether trading sales must be deducted from both the adjusted total turnover and the inverted-structure sales in the statutory refund formula, or retained in both aggregates. Administrative practice is inconsistent, and differing departmental methods are reducing refund amounts and creating uncertainty. en-us Fri, 05 Jul 2024 16:11:16 +0530 Fri, 24 Jan 2025 10:40:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119192 A pharmaceutical taxpayer applying for a GST inverted duty refund also has trading sales of raw material not eligible for inverted duty. The primary legal issue is whether trading sales must be deducted from both the adjusted total turnover and the inverted-structure sales in the statutory refund formula, or retained in both aggregates. Administrative practice is inconsistent, and differing departmental methods are reducing refund amounts and creating uncertainty. Discussion-Forum GST Fri, 05 Jul 2024 16:11:16 +0530 https://www.taxtmi.com/forum/issue?id=119192