Example: bankruptcy
Search results with tag "Unutilised itc"
IN THE SUPREME COURT OF INDIA CIVIL …
main.sci.gov.in(iii) Section 54(3) does not restrict the entitlement of refund only to unutilised ITC which accumulated due is to the rate of tax on inputs being higher than the rate of tax on output supplies. It also allows for refund of unutilised ITC when the rate of tax on input services is higher than the rate of tax on output supplies ;
CBEC-20/23/03/2020-GST Government of India Ministry of ...
www.cbic.gov.in4.2 Sub-rule (4) of Rule 89 prescribes the formula for computing the refund of unutilised ITC payable on account of zero-rated supplies made without payment of tax. The formula prescribed under Rule 89 (4) is reproduced below, as under: