https://www.taxtmi.com/article/detailed?id=17474 Inverted-duty GST refund eligibility under Section 54(3)(ii) depends on accumulation of eligible input tax credit from higher-taxed inputs relative to output supplies, not on whether the claimant is termed a manufacturer or trader. Shared HSN classification of inputs and outputs is not an independent disqualification. All eligible inputs forming Net ITC, including chemicals, packaging and consumables, must be considered under Rule 89(5). The refund must be calculated using tax-period-specific data; annual figures may only corroborate business patterns or assist verification. en-us Mon, 28 Sep 2026 08:13:11 +0530 Mon, 28 Sep 2026 08:13:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17474 Inverted-duty GST refund eligibility under Section 54(3)(ii) depends on accumulation of eligible input tax credit from higher-taxed inputs relative to output supplies, not on whether the claimant is termed a manufacturer or trader. Shared HSN classification of inputs and outputs is not an independent disqualification. All eligible inputs forming Net ITC, including chemicals, packaging and consumables, must be considered under Rule 89(5). The refund must be calculated using tax-period-specific data; annual figures may only corroborate business patterns or assist verification. Articles Goods and Services Tax - GST Mon, 28 Sep 2026 08:13:11 +0530 https://www.taxtmi.com/article/detailed?id=17474