CIRCULARS
|
Sr. No. |
Circular No. |
Subject |
|
3 |
Clarification regarding removal of restriction of refund of accumulated ITC on fabrics. | |
|
2 |
Clarification on refund related issues | |
|
1 |
Clarification on issue of claiming refund under inverted duty structure where the supplier is supplying goods under some concessional notification |
COMMUNITY INSIGHT
| Topics | Publish Date | |
|
|
Concept of Inverted Duty Structure Under GST law there are different types of GST rates like 5%, 12%, 18% & 28% etc. The applicable rate of tax on specific goods would depend upon the description of the goods/products. Similarly there are different rates of tax which are applicable of services depending upon the services. Since there are different type of rates, hence sometime the situation arises where the rate of tax on purchases of inputs are higher than the applicable........... Read More |
25.07.2024 |
CASE LAWS
|
Authority |
One liner |
|
Madras High Court Eveready Spinning Mills Private Limited |
Refund under the Inverted
Duty Structure rejected by relying on para 3.2 of Circular
No.135/05/2020-GST is unsustainable due to its strike down as ultra
vires. |
|
Kerala High Court Malabar Fuel Corporation |
Refund of credit accumulated to a dealer as a result of higher tax on inputs than the output supplies, even when the input and output supplies are one and the same |
|
Gauhati High Court BMG Informatics Pvt Ltd |
|
|
Supreme court of india VKC Footsteps India Pvt Ltd |
