Tag Archives: inverted duty structure

Accumulated ITC lying unutilized will no lapse on account of inverted duty structure : High Court

By | August 3, 2019

HIGH COURT OF GUJARAT Shabnam Petrofils (P.) Ltd. v. Union of India J.B. PARDIWALA AND A.C. RAO, JJ. R/SPECIAL CIVIL APPLICATION NOS. 16213, 20626 OF 2018 JULY  17, 2019 R.C. Jani for the Petitioner. Devang Vyas for the Respondent. ORDER   A.C. Rao, J. – As common question of law arise in both these petition and as in both these petitions,… Read More »

GST refund of inverted duty structure : Formula Changed : Rule 89(5) CGST

By | April 21, 2018

GST refund of inverted duty structure Rule 89 (5) of CGST Rules prescribe formula for refund on account of inverted duty structure, Old formula of GST refund on account of  inverted duty structure Application for refund of tax, interest, penalty, fees or any other amount Rule 89 (5) of CGST Rules : In the case of… Read More »