https://www.taxtmi.com/caselaws?id=798856 Refund of accumulated input tax credit under an inverted duty structure is not conditional on the claimant being a manufacturer rather than a trader. A circular addressing accumulation arising from a GST-rate reduction on the same goods does not bar a claim where no such rate reduction occurred merely because input and output classifications overlap. Statutory refund eligibility and the Rule 89(5) formula require computation using period-specific data. Verification of eligible inputs, exclusion of ineligible credit, invoice matching and zero-rated supplies supports the claim where no material displaces the verification findings. Refunds remain sustainable when statutory conditions and the prescribed formula are met. en-us Thu, 10 Sep 2026 00:00:00 +0530 Sat, 12 Sep 2026 08:41:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798856 Refund of accumulated input tax credit under an inverted duty structure is not conditional on the claimant being a manufacturer rather than a trader. A circular addressing accumulation arising from a GST-rate reduction on the same goods does not bar a claim where no such rate reduction occurred merely because input and output classifications overlap. Statutory refund eligibility and the Rule 89(5) formula require computation using period-specific data. Verification of eligible inputs, exclusion of ineligible credit, invoice matching and zero-rated supplies supports the claim where no material displaces the verification findings. Refunds remain sustainable when statutory conditions and the prescribed formula are met. Case-Laws GST Thu, 10 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798856