Inverted duty structure

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ABHAY KUMAR (Querist)

30 January 2018 Dear Expert,
Please explain about "INVERTED DUTY STRUCTURE" for the purpose of Refund under sub-section (3) of section 54 of CGST Act and Rule 89(2)(h). can we take refund of unutilized input tax credit now from July to December 2017.

Thanks
Abhay

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CA Mayur Todmal

CA Mayur Todmal (Expert)

30 January 2018 Inverted duty structure: Where the credit has accumulated on account of rate of tax on inputs being higher than the rate of tax on output supplies (other than nil rated or fully exempt supplies), except supplies of goods or services or both as may be notified by the Government on the recommendations of the Council

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

30 January 2018 Yes refund can be claimed on ITC accumulation due to inverted duty structure.

ABHAY KUMAR

ABHAY KUMAR (Querist)

31 January 2018 Our CGST/SGST output tax rate is 12% & 18% and Input at various rate i.e. 5% ,12%,18%,28% CGST/SGST/IGST & Import also.then how will calculate inverted duty structure..Pls guide.

Thanks

ABHAY KUMAR

ABHAY KUMAR (Querist)

06 February 2018 Our CGST/SGST output tax rate is 12% & 18% and Input at various rate i.e. 5% ,12%,18%,28% CGST/SGST/IGST & Import also.then how will calculate inverted duty structure..Pls guide.