Refund of Tax Paid under RCM
This query is : Resolved
11 December 2024
If a registered perons under GST is having only nil rated or exempted outward supply, can he apply for refund of tax paid in cash under RCM basis on his inward supplies?
12 December 2024
No. Since nil-rated and exempt supplies do not generate any GST liability, any tax paid in cash under RCM for inward supplies cannot be refunded.
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