https://www.taxtmi.com/article/detailed?id=14243 The Inverted Duty Structure refund addresses accumulated unutilized Input Tax Credit where input tax exceeds output tax; eligibility excludes nil or exempt supplies and limits eligible ITC to inputs. Claimants must compute refund using the prescribed formula that apportions net input ITC to inverted rated turnover and subtracts tax payable, file the electronic refund form selecting the IDS category, and attach portal statements, declarations, undertakings and, where applicable, a professional certificate. Applicants must reconcile ITC with portal data, exclude blocked credits and input services, observe the two year filing window, and avoid duplicate claims under other refund routes. en-us Mon, 28 Apr 2025 09:09:26 +0530 Mon, 28 Apr 2025 09:09:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14243 The Inverted Duty Structure refund addresses accumulated unutilized Input Tax Credit where input tax exceeds output tax; eligibility excludes nil or exempt supplies and limits eligible ITC to inputs. Claimants must compute refund using the prescribed formula that apportions net input ITC to inverted rated turnover and subtracts tax payable, file the electronic refund form selecting the IDS category, and attach portal statements, declarations, undertakings and, where applicable, a professional certificate. Applicants must reconcile ITC with portal data, exclude blocked credits and input services, observe the two year filing window, and avoid duplicate claims under other refund routes. Articles Goods and Services Tax - GST Mon, 28 Apr 2025 09:09:26 +0530 https://www.taxtmi.com/article/detailed?id=14243