LatestGoods & Service Tax (GST) 11 September 2026
Inverted Duty Refund Claims Accepted Regardless of Manufacturing Status
GST rules confirm that a taxpayer’s manufacturing or trading status does not affect eligibility for inverted duty refunds; a firm claimed ₹34.47 lakh for March 2024 and ₹7.86 lakh for February 2024 under Section 54(3)(ii) of the Central GST Act.
Inverted Duty Refund Clarified
- Manufacture or trading status does not impact eligibility for inverted duty refunds under GST.
- Company filed claims of ₹34,47,623 for March 2024 and ₹7,86,037 for February 2024, invoking Section 54(3)(ii) of the Central GST Act.
- The ruling reinforces that refund entitlement hinges on duty paid, not business nature. Read full article
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