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REFUND OF GST PAID ON IMPORTED GOODS

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23 November 2021 We have paid GST on Imported Material on RCM Basis. Whether we can claim refund of GST Paid on RCM Basis ??
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
23 November 2021 Yes, ITC can be claimed from same month.
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CA Altamush Zafar

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CA Altamush Zafar (Expert)
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 ?
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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
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CA Altamush Zafar

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CA Altamush Zafar (Expert)
06 December 2021 You will have to claim refund under inverted duty structure as per rules
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