Clarification on Refund of Unutilised Input Tax Credit under Inverted Duty Structure and Applicability of Amendments/Restrictions under UPGST Act & Rules, 2017

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.... (GST Section) Letter No. GST/2022-23/51/State Tax Lucknow: Dated: 25 November, 2022 To, All Zonal Additional Commissioner Grade -1, Additional Commissioner Grade -2 (S.I.B.) Joint Commissioner (Executive/Corporate Circle/S.I.B) State Tax, Uttar Pradesh. Subject: Clarification on refund related issues-reg. Attention is invited to sub-section (3)....

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.... of unutilised input tax credit on account of inverted duty structure in case of supply of certain goods falling under chapter 15 and 27. 2. Representations have been received from the trade and the field formations seeking clarification on various issues pertaining to the implementation of the above notifications. In order to clarify the issues and to ensure uniformity in the implementation of....

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....r as on 05.07.2022? Vide Notification No. 1009/XI-2-22-9(47)/17-T.C.61-U.P.GST Rules-2017- Order-(255)-2022 Dated 17.11.2022, amendment has been made in sub-rule (5) of rule 89 of UPGST Rules, 2017, modifying the formula prescribed therein. The said amendment is not clarificatory in nature and is applicable prospectively with effect from 05.07.2022. Accordingly, it is clarified that the said am....

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....o the refund applications pending as on 18.07.2022 also or whether the same will apply only to the refund applications filed on or after 18.07.2022 or whether the same will be applicable only to refunds pertaining to prospective tax periods? Vide Notification No. 626/XI-2-22- 9(47)/17-T.C.194-U.P.Act-1-2017-Order- (244)-2022 dated 18.07.2022, under the powers conferred by clause (ii) of the fir....