GST Refund for Unused ITC After Inverted Duty Ruling

A recent GST case law ruling clarifies that traders can obtain a refund of unutilised Input Tax Credit when the duty structure is inverted, meaning the tax on inputs exceeds the tax on outputs. The decision, highlighted in Taxmann's case digest, confirms eligibility for such refunds and provides guidance for businesses to claim the credit, reducing financial strain caused by the inverted duty scenario.