ITC Refund on Capital Goods Facing Inverted Duty Likely Soon
ITC Refund on Capital Goods Facing Inverted Duty Likely Soon The government is expected to soon allow a refund of unutilized Input Tax Credit (ITC) accumulated on capital goods in cases involving the Inverted Duty Structure (IDS). Key Implication of the Upcoming Change Addressing a Long-Pending Issue: Currently, the GST law allows a refund… Read More »

