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ITC Availiability

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(Querist)
15 January 2022 Our organization is a Collection & Recovery agency working with banks. Bank pays GST on RCM basis. so I have no output GST liability. But I receive services with GST i.e. Telephone bill , Computer etc. May I get refund of ITC or not ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
15 January 2022 You can't get ITC refund in such a case.
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CA Altamush Zafar

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CA Altamush Zafar (Expert)
16 January 2022 You cant avail ITC therefore question of refund do not arise
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CA Rahul Mittal

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CA Rahul Mittal (Expert)
16 January 2022 no refund in this case
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CA. Bhavik P. Chudasama

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CA. Bhavik P. Chudasama (Expert)
29 January 2022 Refund can be availed only in Case of Export & Inverted Duty Strucutre, So No Refund
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