CBIC issues clarification on claiming refund of accumulated ITC on account of inverted duty structure

CBIC provides that refund of accumulated ITC on account of inverted tax structure for period in which there is reversal of ITC required to be lapsed in terms of notification No. 20/2018- Central Tax (Rate) is to be claimed under the category “any other” in FORM GST RFD-01A; The proper officer upon scrutinizing the application for completeness and eligibility, if satisfied that whole or any part of the amount claimed is payable as refund, shall request the taxpayer, in wri...