TaxTMI 
TaxTMI 
Clarification on refund related issues
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.... No. 181/13/2022-GST, dated November 10, 2022 issued by the Government of India, Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs. Attention is invited to sub-section (3) of section 54 of APGST 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 ....
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....aining to the implementation of the above notifications. In order to clarify the issues and to ensure uniformity in the implementation of the provisions of law across the field formations, the Chief Commissioner(ST), in exercise of his powers conferred by section 168 of the Andhra Pradesh Goods and Services Tax Act, 2017. (hereinafter referred to as "APGST Act"), hereby clarifies the issues as und....
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....cable prospectively with effect from July 5, 2022. Accordingly, it is clarified that the said amended formula under sub-rule (5) of rule 89 of the APGST Rules, 2017 for calculation of refund of input tax credit on account of inverted duty structure would be applicable in respect of refund applications filed on or after July 5, 2022. The refund applications filed before July 5, 2022 will be dealt a....
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....ferred by clause (ii) of the first proviso to sub-section (3) of section 54 of the APGST Act, 2017, certain goods falling under Chapters 15 and 27 have been specified in respect of which no refund of unutilised input tax credit shall be allowed, 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 specified goods (oth....