Himachal Pradesh Updates Refund Rules for Unutilized Input Tax Credit Under HPGST Act, 2017; Changes Effective July 2022.

The circular issued by the Himachal Pradesh Excise and Taxation Department addresses refund issues under the HPGST Act, 2017, specifically concerning unutilized input tax credit due to an inverted duty structure. An amendment made on August 1, 2022, to the refund calculation formula applies prospectively from July 5, 2022, affecting only refund applications filed on or after this date. Additionally, a restriction effective from July 18, 2022, limits refunds for certain goods under Chapters 15 and 27, applying only to applications filed on or after this date. The circular emphasizes prospective application and invites reporting of any implementation difficulties.

---

---

---