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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Building and other construction workers welfare cess act 1996
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Bank Accounts in Balance Sheet for ITR 3
- Gift of mutual fund units to daughter
- Form 10BD Filling
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
