The implementation of GST brought our client under the ambit of Inverted Duty Rate Structure, i.e., the higher tax rate on inputs as compared to the tax rate on outputs which results into the massive accumulation of tax credits. Given the inverted duty structure, such accumulated tax credits would get accumulated in the long run not be utilized in the years to come. We represented this issue before the GST Council. An in-depth study was undertaken on the financial impact of the accumulation of ITC vis-à-vis the refunds, which would be available to the client as per the projected financial statements and the projected refund computations. A comprehensive document containing the arguments with tax computation tables was prepared and submitted in support of the client’s claim.