GST Refund in Inverted Duty Structure
This query is : Resolved
11 November 2024
whether it is compulsory to submit CA Certificate for refund claim exceeding Rs 200000 /- in case of GST refund due to inverted duty structure ??
11 November 2024
Yes, as per Rule 89(2)(h) of the Central Goods and Services Tax (CGST) Rules, 2017, and Notification No. 26/2018 – Central Tax dated 13th June 2018, a certificate from a Chartered Accountant or a Cost Accountant is required to be furnished along with the refund application in cases where:
The refund amount exceeds ₹2,00,000; and
The refund arises due to inverted duty structure (i.e., where the tax rate on inputs is higher than the tax rate on outputs).
The refund amount exceeds ₹2,00,000; and
The refund arises due to inverted duty structure (i.e., where the tax rate on inputs is higher than the tax rate on outputs).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- Value of property in capital gain
- Regarding appeal to GSTAT
- Copyright software
- Invoice V/S Goods receipt Note Date
- Form 121 & TDS deduction
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
