https://www.taxtmi.com/caselaws?id=801101 Refund of accumulated input tax credit under an inverted duty structure may arise where any inputs used in the course or furtherance of business bear a higher tax rate than output supplies, even if the principal input and output attract the same rate. "Inputs" is not confined to the principal raw material and excludes capital goods. Administrative circulars addressing rate reductions on the same goods at different times, or concessional supplies, do not cover accumulation caused by other higher-taxed business inputs. Such circulars cannot restrict a statutory refund entitlement where the prescribed conditions are satisfied. 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=801101 Refund of accumulated input tax credit under an inverted duty structure may arise where any inputs used in the course or furtherance of business bear a higher tax rate than output supplies, even if the principal input and output attract the same rate. "Inputs" is not confined to the principal raw material and excludes capital goods. Administrative circulars addressing rate reductions on the same goods at different times, or concessional supplies, do not cover accumulation caused by other higher-taxed business inputs. Such circulars cannot restrict a statutory refund entitlement where the prescribed conditions are satisfied. Case-Laws GST Wed, 14 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801101