Hugger Mugger of net ITC in case of Inverted Duty Structure
Refunds have always been an integral part of the Indirect tax regime. In the era Service Tax regime, refunds were granted in the case of export of service. However, with the inception of GST and introduction of multiple tax rates, refunds arose on account of inverted duty structure. Inverted duty structure means a scenario wherein […]
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from TaxGuru https://ift.tt/3ktvKMB
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