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Clarification on issue of claiming refund under inverted duty structure where the supplier is supplying goods under some concessional notification - GST - States - CCT/26-4/2022-23/F/1333

Extract

..... uired to supply goods at a lower rate under Concessional Notification issued by the Government. In order to clarify the issue and to ensure uniformity in the implementation of the provisions of law in this regard across the field formations, the undersigned, in exercise of its powers conferred by Section 168 of the Goa Goods and Services Tax Act, 2017 (hereinafter referred to as “Goa GST Act”), hereby clarifies the issue as under: 2. Vide para 3.2 of Circular No. 40/2019-20-GST dated .....

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Clarification on issue of claiming refund under inverted duty structure where the supplier is supplying goods under some concessional notification - GST - States

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..... 3.2 of Circular No. 40/2019-20-GST dated 06-04-2020 was not to cover those cases where the supplier is making supply of goods under a concessional notification and the rate of tax of output supply is less than the rate of tax on input supply (of the same goods) at the same point of time due to supply of goods by the supplier under such concessional notification. 4. Therefore, it is clarified that in such cases, refund of accumulated input tax credit on account of inverted structure as per clause .....

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Clarification on issue of claiming refund under inverted duty structure where the supplier is supplying goods under some concessional notification - GST - States

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..... ause (ii) of the first proviso to sub-section (3) of Section 54 of the Goa GST Act. 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 under such concessional noti .....

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Clarification on issue of claiming refund under inverted duty structure where the supplier is supplying goods under some concessional notification - GST - States

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