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).
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