reverse charge
This query is : Resolved
anita shukla
(Querist)
29 October 2017
Kindly tell me if my liability is always less than the ITC accumulated due to payment under reverse charge... Then what about that accumulated ITC.. IS THERE ANY REFUND PROCESS REGARDING IT IN GST REGIME.,?
29 October 2017
please refer these articles
https://cleartax.in/s/refund-process-under-gst
https://cleartax.in/s/gst-payments-and-refunds
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Udaya Chandran
(Expert)
30 October 2017
Usually the credit can be carried forward to the next month, if the ITC amount is huge, you can apply for refund.
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