https://www.taxtmi.com/forum/issue?id=120451 No mandatory reversal of the balance input tax credit is required when a purchase tax rate exceeds the later sale rate; the excess ITC may be carried forward and utilised against future output tax liabilities, and where accumulation is due to a persistent rate differential, refund mechanisms for an inverted duty structure can be considered subject to statutory and administrative conditions. en-us Fri, 12 Sep 2025 09:12:12 +0530 Tue, 16 Sep 2025 06:40:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120451 No mandatory reversal of the balance input tax credit is required when a purchase tax rate exceeds the later sale rate; the excess ITC may be carried forward and utilised against future output tax liabilities, and where accumulation is due to a persistent rate differential, refund mechanisms for an inverted duty structure can be considered subject to statutory and administrative conditions. Discussion-Forum VAT / Sales Tax Fri, 12 Sep 2025 09:12:12 +0530 https://www.taxtmi.com/forum/issue?id=120451