Lapse of unutilised input tax credit on account of inverted duty rate structure unlawful - Gujarat HC



Legal Provisions Section 54(3) of CGST Act, 2017 provides for refund of unutilised input tax credit in following 2 circumstances Zero rated supplies of goods and/or services and Where credit has accumulated on account of rate of tax on inputs being higher than rate of tax on output suppli
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Tax Lawyer and cleared CA Final Group 2 and preparing for Group 1

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