https://www.taxtmi.com/article/detailed?id=17012 Inverted-duty GST refund claims involving unutilised input tax credit must be considered under the amended Rule 89(5) where its curative and clarificatory character permits retrospective application to live claims. The earlier formula excluded input-service credit from Net ITC, while the substituted formula addresses the identified anomaly. A deficiency memo based solely on the earlier formula should not prevent processing under the amended position. Refund entitlement nevertheless remains subject to limitation, eligibility, documentation, computation, and other procedural conditions. en-us Thu, 23 Jul 2026 08:43:34 +0530 Thu, 23 Jul 2026 08:43:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17012 Inverted-duty GST refund claims involving unutilised input tax credit must be considered under the amended Rule 89(5) where its curative and clarificatory character permits retrospective application to live claims. The earlier formula excluded input-service credit from Net ITC, while the substituted formula addresses the identified anomaly. A deficiency memo based solely on the earlier formula should not prevent processing under the amended position. Refund entitlement nevertheless remains subject to limitation, eligibility, documentation, computation, and other procedural conditions. Articles Goods and Services Tax - GST Thu, 23 Jul 2026 08:43:34 +0530 https://www.taxtmi.com/article/detailed?id=17012