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Inverted Duty Structure: Perplexity in Refund

September 1, 2020[2020] 118 taxmann.com 571 (Article)
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1.1Literal Concept of Inverted Duty Structure The term “Inverted Duty Structure” (IDS) refers to the scenario where the rate of tax on the inputs is higher than the rate of tax on the output supplies. In such a situation, the ITC received by a registered person remains unutilised, and if the same is not refunded to the taxpayer, it would increase the cost of production and would result in cascading effect by disallowing the seamless flow of credit of the GST paid.
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