Inverted Tax Refund
This query is : Resolved
13 May 2022
I submit refund application, the tax officer was reject our application due the following discrepancies.
1. Adjusted turnover not included the services and export sales with IGST paid.
The Adjusted Turnover is calculated by us on the basis of clause (E) of sub-rule (4) of Rule 89 of GST, which clearly says that the:
“Adjusted Total Turnover” means the sum total of the value of- (a) the turnover in a State or a Union territory, as defined under clause (112) of section 2, excluding the turnover of services;
and (b) the turnover of zero-rated supply of services determined in terms of clause (D) above and non-zero-rated supply of services, excluding- (i) the value of exempt supplies other than
zero-rated supplies; and (ii) the turnover of supplies in respect of which refund is claimed under sub-rule (4A) or sub-rule (4B) or both, if any, during the relevant period.’
please advise me how to resubmit the application with proper calculation
1. Adjusted turnover not included the services and export sales with IGST paid.
The Adjusted Turnover is calculated by us on the basis of clause (E) of sub-rule (4) of Rule 89 of GST, which clearly says that the:
“Adjusted Total Turnover” means the sum total of the value of- (a) the turnover in a State or a Union territory, as defined under clause (112) of section 2, excluding the turnover of services;
and (b) the turnover of zero-rated supply of services determined in terms of clause (D) above and non-zero-rated supply of services, excluding- (i) the value of exempt supplies other than
zero-rated supplies; and (ii) the turnover of supplies in respect of which refund is claimed under sub-rule (4A) or sub-rule (4B) or both, if any, during the relevant period.’
please advise me how to resubmit the application with proper calculation
14 May 2022
Please recheck your calculation. SCN should have been given to you before rejection. If you are not satisied then file an appeal.
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