One of my client wants to get his ITC refund which is Unutilised due to deemed export.
But some officer says that CGST & SGST should be equal to Claim ITC. But this is not possible due to GST Offset rule.
My SGST Balance is more than CGST. Because of Interstate Sales.
What should I do? Please give suggetion.
Thanking you.
Menu
Claiming of Refund of Unutilised ITC
Replies (1)
-
Review GST offset rules: Understand the GST offset rules and provisions applicable in your case. Verify if there are any specific provisions that address the difference in the balance of CGST and SGST, such as allowing the adjustment of one against the other.
-
Verify refund eligibility: Ensure that you meet all the necessary conditions and criteria for claiming the refund of unutilized ITC for deemed exports. Review the relevant notifications, circulars, or rules issued by the GST authorities to confirm your eligibility.
-
Communicate with the GST department: If you encounter any issues or discrepancies in the refund process, it's recommended to communicate with the GST department. You can seek clarification on the specific requirement of equal CGST and SGST amounts for the refund and provide them with supporting documents to explain your situation.
To read finance content visit Swipe Blogs
Recent Threads
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
Related Threads
CAclubindia
