Whether refund of IGST paid on Export of goods &refund of Inverted tax for same tax period by taxpayer is allowed? Cir. N.125 dt.18.11.19-Declaration in Anx-A Sr. No.5 restricts refund simultaneously

Whether refund of IGST paid on Export of goods &refund of Inverted tax for same tax period by taxpayer is allowed? Cir. N.125 dt.18.11.19-Declaration in Anx-A Sr. No.5 restricts refund simultaneously https://www.taxtmi.com/forum/issue?id=120250 The discussion concerns whether refund of IGST paid on export supplies and refund of unutilised input tax credit under the inverted duty structure may both be claimed for the same tax period. One view is that the third proviso to section 54(3) bars refund only where the same supplies are used for both claims, and that the declaration in Circular No. 125/44/2019-GST is procedural and cannot override the statute. If there is no double benefit or overlap, the refund claims are described as capable of coexisting. en-us Mon, 14 Jul 2025 15:06:28 +0530 Mon, 15 Jun 2026 11:35:34 +0530 TaxTMI RSS Generator Whether refund of IGST paid on Export of goods &refund of Inverted tax for same tax period by taxpayer is allowed? Cir. N.125 dt.18.11.19-Declaration in Anx-A Sr. No.5 restricts refund simultaneously https://www.taxtmi.com/forum/issue?id=120250 The discussion concerns whether refund of IGST paid on export supplies and refund of unutilised input tax credit under the inverted duty structure may both be claimed for the same tax period. One view is that the third proviso to section 54(3) bars refund only where the same supplies are used for both claims, and that the declaration in Circular No. 125/44/2019-GST is procedural and cannot override the statute. If there is no double benefit or overlap, the refund claims are described as capable of coexisting. Discussion-Forum GST Mon, 14 Jul 2025 15:06:28 +0530 https://www.taxtmi.com/forum/issue?id=120250