https://www.taxtmi.com/circulars?id=71179 The revised formula for refund of unutilised input tax credit under an inverted duty structure applies prospectively to applications filed on or after 05.07.2022. Applications filed before that date must be processed under the earlier formula, irrespective of whether they were pending. The restriction on such refunds for specified goods under Chapters 15 and 27 applies prospectively to applications filed on or after 18.07.2022 and does not affect applications filed earlier. en-us Thu, 16 Nov 2023 00:00:00 +0530 Mon, 07 Sep 2026 18:31:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71179 The revised formula for refund of unutilised input tax credit under an inverted duty structure applies prospectively to applications filed on or after 05.07.2022. Applications filed before that date must be processed under the earlier formula, irrespective of whether they were pending. The restriction on such refunds for specified goods under Chapters 15 and 27 applies prospectively to applications filed on or after 18.07.2022 and does not affect applications filed earlier. Circulars GST - States Thu, 16 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71179