Clarification on refund related issues

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....of Central Tax dated 10/11/2022) Subject: Clarification on refund related issues -reg. Attention is invited to sub-section (3) of section 54 of DGST Act, 2017, which provides for the refund of unutilized input tax credit in cases where credit is accumulated on account of rate of tax of inputs being higher than the rate of tax on output supplies i.e. on account of inverted duty structure. Sub-rul....

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....sure uniformity in the implementation of the provisions of law across the field formations, the Commissioner, in exercise of its powers conferred by Section 168 of the Delhi Goods and Services Tax Act, 2017 (hereinafter referred to as "'DGST Act"), hereby clarifies the issues as under: S. No. Issue Clarification 1. DGST Rules, 2017 for calculation of refund of unutilized input t....

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....nverted duty structure would be applicable in respect of refund applications filed on or after 05.07.2022. The refund applications filed before 05.07.2022 will be dealt as per the formula as it existed before the amendment made vide Notification No. 14/2022-State Tax dated 17.10.2022. 2. Whether the restriction placed on refund of unutilised input tax credit on account of inverted duty structure....

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....f rate of tax on inputs being higher than the rate of tax on the output supplies of such specified goods (other than nil rated or fully exempt supplies). The said notification has come into force with effect from 18.07.2022. The restriction imposed vide Notification No. 09/2022-State Tax (Rate) dated 17.11.2022 on refund of unutilised input tax credit on account of inverted duty structure in case....