Inverted duty structure
This query is : Resolved
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
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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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
30 January 2018
Yes refund can be claimed on ITC accumulation due to inverted duty structure.
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
Thanks
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.
01 August 2024
https://docs.google.com/document/d/1Jl2AWXljxsZpfVhsEQR-wmfGEmBM0FiKZkguOlmRW_E/edit?usp=sharing
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