hello experts
can we avail refund of tax paid by works contractors on their inward supplies?
WCT can't avail the credit
8 Replies
Hari Gaddam
(20 Points)
Replied 15 December 2017
Sir in the act it is said that there will no ITC for inward supplies of works contractor.but not refund
am I correct?
am I correct?
Hari Gaddam
(20 Points)
Replied 15 December 2017
Sir I am saying with regard to immovable properties?
Ayyasamy
(GST Practitioner)
(346 Points)
Replied 15 December 2017
GST Refund below situation .
you could not avile the credit then how you claim the refund
1.Export of goods or services
2. Supplies to SEZs units and developers
3. Deemed exports
4. Refund of taxes on purchase made by UN or embassies etc.
5. Refund arising on account of judgment, decree, order or direction of the Appellate Authority, Appellate Tribunal or any court
6. Refund of accumulated Input Tax Credit on account of inverted duty structure
7. Finalisation of provisional assessment
8. Refund of pre-deposit
9. Excess payment due to mistake
10.Refunds to International tourists of GST paid on goods in India and carried abroad at the time of their departure from India
11. Refund on account of issuance of refund vouchers for taxes paid on advances against which, goods or services have not been supplied
12. Refund of CGST & SGST paid by treating the supply as intraState supply which is subsequently held as inter-State supply and vice versa
Hari Gaddam
(20 Points)
Replied 15 December 2017
Sir
can I know any benefits available to works contractors especially builders. .
can I know any benefits available to works contractors especially builders. .
Ayyasamy
(GST Practitioner)
(346 Points)
Replied 15 December 2017
pls refer the below link
https://www.caclubindia.com/forum/itc-under-gst-to-be-passed-by-builders-415868.asp
Hari Gaddam
(20 Points)
Replied 15 December 2017
Sir in the link you provided the builder (works contractor had taken the ITC ON goods? ???
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