https://www.taxtmi.com/article/detailed?id=14096 Eligibility for an inverted duty structure refund requires demonstrating that ITC accumulation was caused by inputs being taxed at a higher rate than outputs; outputs must not be nil-rated, fully exempt, or declared ineligible, and claims must meet filing limitations. Administrative circulars treat all input ITC as relevant for computation and caution that mere parity of input and output rates is not a standalone basis to deny refunds. The statutory computation formula should be applied only after confirming that accumulation was due to the rate differential, not other operational causes. en-us Sat, 12 Apr 2025 08:41:27 +0530 Sat, 12 Apr 2025 08:41:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14096 Eligibility for an inverted duty structure refund requires demonstrating that ITC accumulation was caused by inputs being taxed at a higher rate than outputs; outputs must not be nil-rated, fully exempt, or declared ineligible, and claims must meet filing limitations. Administrative circulars treat all input ITC as relevant for computation and caution that mere parity of input and output rates is not a standalone basis to deny refunds. The statutory computation formula should be applied only after confirming that accumulation was due to the rate differential, not other operational causes. Articles Income Tax Sat, 12 Apr 2025 08:41:27 +0530 https://www.taxtmi.com/article/detailed?id=14096