AAR Telangana allows Tulasi Industries to Withdraw GST Refund Clarification Request 

In re Sri Tulasi Industries (GST AAR Telangana) Tulasi Industries Withdraws GST Advance Ruling Application: M/s Sri Tulasi Industries had filed an application under Section 97 of the Central Goods and Services Tax Act, 2017, and the Telangana Goods and Services Tax Act, 2017, seeking clarification on the refund eligibility of accumulated Input Tax Credit (ITC) due to the inverted duty structure. The company, engaged in edible oil refining and packing, stated that while their output tax rate was 5%, their input tax was charged at 12% and 18%, leading to an accumulation of ITC. They sought conf...