Sir, We are involved in construction activities and now our one project of educational institute is under process. And we have received a lot of ITC. can I claim for refund or not.... Pls clarify....
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Quick Summary
This discussion addresses whether businesses involved in construction activities, particularly for educational institutes, can claim a refund of Input Tax Credit (ITC) when facing an inverted duty structure. The general consensus and clarification provided indicate that ITC refunds are typically not allowed for entities engaged in construction services under such circumstances.