Recently, Central Board of Indirect Taxes and Customs has issued clarification vide Circular No. 135/2020 through which the Government has excluded the traders from claiming refunds under Inverted Duty Structure and has restricted its applicability only to the cases where the inputs and output supplies are not the same.
This article has critically analyzed the legal validity of the clarification issued by CBIC.
The article has been publised in Taxmann and can be read at https://gst.taxmann.com/fileopennew.aspx?id=105010000000017589&mode=home&page=ts
The pdf is attached as Inverted Duty Structure Concept introduced but not followed