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RU
Rajasthan HC Sets Aside GST Refund Rejection for Misapplying Inverted Duty Structure
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The GST on inputs ranged from 5% to 28%, while GST on output supplies ranged from 0.1% to 12%.
It observed that the statute consciously uses the plural expressions “inputs” and “output supplies”, which must be given their plain meaning.
1,31,39,059/- in respect of the unutilised input tax credit accumulated on account of inverted tax structure.
Likewise, the expression “may claim refund” in the opening part must be distinguished from “no refund” in the opening part of the first proviso.
As far as other two output supplies namely polyester/viscose blended yarn and polyester/viscose yarn are concerned, rate of GST on these output supplies is 12% on each goods.