Notification No. 20/2018-CT (Rate) deals with refund of inverted duty structure only

In re Uttaranchal Filament (India) (GST AAR Uttarakhand) Whether the meaning of word ‘lapse’ in Notification No. 20/2018-Central Tax (Rate) would mean lapse for refund or lapse for utilization of input tax credit for payment of output tax liability. Held- Notification No. 20/2018-Central Tax (Rate) dated 26-7-2018 deals with refund of inverted duty structure only. FULL TEXT OF ORDER OF AUTHORITY OF ADVANCE RULING, UTTARAKHAND This is an application under sub-section (1) of Section 97 of the CGST/SGST Act, 2017 (hereinafter referred to as Act) and the rules made thereunder filed by ...