GST refund on account of Inverted Tax Structure
This query is : Resolved
22 April 2020
in case of inverted tax structure gst refund, whether SEZ supplies without payment of tax shall be included in the turnover of inverted tax structure or shall not be considered while preparing RFD-01 Sheet?
22 April 2020
It will not fall under inverted tax structure. Claim it under refund of ITC on export.
30 April 2020
yes i agree with CA R seetharaman, claim it under refund of unutilized ITC.
30 April 2020
Actually the party has two situation they also supplies goods to SEZ and to Domestic area, Their Input taxed @18% and output taxed @12% so we have claimed refund under inverted tax structure
But my question is whether I have to apply different refund for both situation and while applying refund under inverted tax structure I shall consider SEZ supplies under inverted tax structure turnover,
Under Adjusted Total Turnover All Supplies whether SEZ or domestic both will be covered but under inverted tax turnover only lower taxed output turnover will be covered?
And also I have to apply different refund application for SEZ Supplies for unutilised ITC?
Please reply
But my question is whether I have to apply different refund for both situation and while applying refund under inverted tax structure I shall consider SEZ supplies under inverted tax structure turnover,
Under Adjusted Total Turnover All Supplies whether SEZ or domestic both will be covered but under inverted tax turnover only lower taxed output turnover will be covered?
And also I have to apply different refund application for SEZ Supplies for unutilised ITC?
Please reply
01 May 2020
Yes, apply different refund application for SEZ Supplies for unutilised ITC and inverted tax structure refund for domestic supply.
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