Restriction on refund of un-utlised ITC where the credit has accumulated on account of Rate of tax on Inputs being higher than the rate of tax on the output supplies of such goods(other than Nil rated and fully exempt supplies).

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....8 CSL 2017, Bengaluru, dated:  29.06.2017. In exercise of the powers conferred by clause (ii) of the proviso to sub-section (3) of section 54 of  the Karnataka Goods and Services Tax Act, 2017 (Karnataka Act 27 of 2017), the Government of Karnataka, on the recommendations of the Council, hereby notifies the goods, the description of which is specified in column (3) of the Table below ....

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....5408 Woven fabrics of man-made textile materials 6. 5512 to 5516 Woven fabrics of man-made staple fibres 7. 60 Knitted or crocheted fabrics [All goods]   8. 8601 Rail locomotives powered from an external source of electricity or by electric accumulators 9. 8602 Other rail locomotives; locomotive tenders; such as Diesel-electric locomotives, Steam locomot....

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.... Railway or tramway track fixtures and fittings; mechanical (including electro-mechanical) signalling, safety or traffic control equipment for railways, tramways, roads, inland waterways, parking facilities, port installations or airfields; parts of the foregoing Explanation. -  (1) In this Table, "tariff item", "sub-heading", "heading" and "Chapter" shall mean respectively a tariff i....