https://www.taxtmi.com/article/detailed?id=16088 Refund of accumulated input tax credit under Section 54(3)(ii) of the CGST Act cannot be denied merely because the input and output supplies are the same or taxed at the same rate. The statute does not require comparison of principal input and principal output tax rates, and CBIC circulars cannot curtail statutory entitlement. Circular No. 135/05/2020-GST was inapplicable once Circular No. 173/05/2022-GST removed the restrictive portion, and interest on delayed refund is payable under Section 56 after 60 days. en-us Fri, 27 Mar 2026 09:23:14 +0530 Fri, 27 Mar 2026 09:23:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16088 Refund of accumulated input tax credit under Section 54(3)(ii) of the CGST Act cannot be denied merely because the input and output supplies are the same or taxed at the same rate. The statute does not require comparison of principal input and principal output tax rates, and CBIC circulars cannot curtail statutory entitlement. Circular No. 135/05/2020-GST was inapplicable once Circular No. 173/05/2022-GST removed the restrictive portion, and interest on delayed refund is payable under Section 56 after 60 days. Articles Goods and Services Tax - GST Fri, 27 Mar 2026 09:23:14 +0530 https://www.taxtmi.com/article/detailed?id=16088