REFUND OF GST PAID ON IMPORTED GOODS
This query is : Resolved
23 November 2021
We have paid GST on Imported Material on RCM Basis. Whether we can claim refund of GST Paid on RCM Basis ??
23 November 2021
Yes, ITC can be claimed from same month.
23 November 2021
Your question is not clear. Whether you have paid GST twice - once during import and once during filing GSTR-3B? or you have only paid during importation ?
06 December 2021
We are claiming ITC of GST Paid on Import of Goods , but my question is whether we can claim refund in cash of such ITC ?? As Our outward supply is taxable at the rate of 5% while GST Paid on Imported Goods on RCM Basis is @ 18%, hence Can we claim Refund in cash of such accumulated ITC
06 December 2021
You will have to claim refund under inverted duty structure as per rules
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