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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- REGARDING GST LIABILITY/....
- Suggestions required for income tax filing-software (FY 2025-26)
- Loan by Partnership Firm
- E way bill for tractors
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
