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TMI BlogClarification on refund related issuesX X X X Extracts X X X X X X X X Extracts X X X X ..... he Government of India, Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs. Attention is invited to sub-section (3) of section 54 of APGST Act, 2017, which provides for the refund of unutilized input tax credit in cases where credit is accumulated on account of rate of tax of inputs being higher than the rate of tax on output supplies i.e. on account of invert ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o clarify the issues and to ensure uniformity in the implementation of the provisions of law across the field formations, the Chief Commissioner(ST), in exercise of his powers conferred by section 168 of the Andhra Pradesh Goods and Services Tax Act, 2017. (hereinafter referred to as "APGST Act"), hereby clarifies the issues as under: Sl. No. Issue Clarification 1. Whether the formula prescri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that the said amended formula under sub-rule (5) of rule 89 of the APGST Rules, 2017 for calculation of refund of input tax credit on account of inverted duty structure would be applicable in respect of refund applications filed on or after July 5, 2022. The refund applications filed before July 5, 2022 will be dealt as per the formula as it existed before the amendment made vide Go. Ms. No. 547, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... GST Act, 2017, certain goods falling under Chapters 15 and 27 have been specified in respect of which no refund of unutilised input tax credit shall be allowed, where the credit has accumulated on account of rate of tax on inputs being higher than the rate of tax on the output supplies of such specified goods (other than nil rated or fully exempt supplies). The said notification has come into forc ..... X X X X Extracts X X X X X X X X Extracts X X X X
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