AAR cannot give ruling on formulae for calculation of GST refund

In re Daewoo-TPL JV (GST AAR Maharashtra)

Q.No. 1): The Applicant though eligible to claim for refund of inverted duty structure under Section 54(3) of the CGST Act, wishes to understand in-principle applicability of Notification 21 and 26 in as much whether the same allow for refund of ITC availed on input services (and remaining unutilized) in whole or part thereof.

Answer: Both the Notifications Notification No 21/2018 – Central Tax (Rate) dated April 18, 2018 and Please become a Premium member. If you are already a Premium member, login here to access the full content.