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TMI BlogClarification on issue of claiming refund under inverted duty structure where the supplier is supplying goods under some concessional notificationX X X X Extracts X X X X X X X X Extracts X X X X ..... s Vanijya Therige Karyalaya, Gandhinagar, Bengaluru-560009, Dated: 08-07-2022 COMMISSIONER OF COMMERCIAL TAXES CIRCULAR No. GST-06 /2022 Subject: Clarification on issue of claiming refund under inverted duty structure where the supplier is supplying goods under some concessional notification Reg. Various representations have been received seeking clarificati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r No. GST-04 /2020, dated: 27.04.2020 is reproduced, as under: Refund of accumulated ITC in terms clause (ii) of sub-section (3) of section 54 of the KGST Act is available where the credit has accumulated on account of rate of tax on inputs being higher than the rate of tax on output supplies. It is noteworthy that, the input and output being the same in such cases, though attracting differen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it is clarified that in such cases, refund of accumulated input tax credit on account of inverted structure as per clause (ii) of sub-section (3) of section 54 of the KGST Act, 2017 would be allowed in cases where accumulation of input tax credit is on account of rate of tax on outward supply being less than the rate of tax on inputs (same goods) at the same point of time, as per some concessional ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . 3.3 There may however, be cases where though inputs and output goods are same but the output supplies are made under a concessional notification due to which the rate of tax on output supplies is less than the rate of tax on inputs. In such cases, as the rate of tax of output supply is less than the rate of tax on inputs at the same point of time due to supply of goods by the supplier unde ..... X X X X Extracts X X X X X X X X Extracts X X X X
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