The peculiar case of inverted duty struture for traders under the goods and services tax

As simple as it may sound, the concept of inverted duty structure is complicated and tends to create more difficulties than easing it out for registered persons. The need for refund arises as the tax on inputs is higher than that on output leading to accumulation of credit.Section 54(3) [1]  of Central Goods and Services Tax Act, 2017 (the  ‘CGST Act’ ) provides for, refund of unutilized…