https://www.taxtmi.com/caselaws?id=801104 Section 54(3)(ii) permits refund of accumulated input tax credit where the tax rate on inputs exceeds the rate on output supplies. Packaging materials, PET containers and printed flexible packaging used to market packaged tea qualify as inputs, and their higher tax rate against the tax rate on packaged tea creates an inverted duty structure. Circular No. 135/05/2020-GST concerns tax-rate reductions on the same goods at different times and does not apply to this situation. Circulars issued under Section 168(1) cannot restrict a statutory refund entitlement. Accumulated credit attributable to higher-taxed packaging inputs is therefore refundable. en-us Wed, 14 Oct 2026 00:00:00 +0530 Thu, 15 Oct 2026 05:44:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801104 Section 54(3)(ii) permits refund of accumulated input tax credit where the tax rate on inputs exceeds the rate on output supplies. Packaging materials, PET containers and printed flexible packaging used to market packaged tea qualify as inputs, and their higher tax rate against the tax rate on packaged tea creates an inverted duty structure. Circular No. 135/05/2020-GST concerns tax-rate reductions on the same goods at different times and does not apply to this situation. Circulars issued under Section 168(1) cannot restrict a statutory refund entitlement. Accumulated credit attributable to higher-taxed packaging inputs is therefore refundable. Case-Laws GST Wed, 14 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801104