Uttaranchal Filament (India) ., In re
Date: June 12, 2019
Subject Matter
Notification 20/2018 CT(R) exclusively deals with the refund of accumulated input tax credit on account of inverted duty structure only
Summary
(Q) 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? (A) On perusal of notifications 5/2017, 20/20…
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 M/s. Uttaranchal Filament (India), Plot No. 14, 15, 16 Sector-2, IIE, SIDCUL, Hardwar seeking an advance ruling on following issue :- (a) Whether the meaning of word ‘lapse’ in Notification No. 20/2018-Central Tax (Rate) would mea…