Master in Accounts & high court Advocate
9610 Points
Posted on 19 June 2025
Claiming Refund of Excess ITC Under the Goods and Services Tax (GST) regime, you can claim a refund of excess Input Tax Credit (ITC) accumulated due to inverted You might be eligible to claim a refund of excess ITC accumulated due to the inverted duty structure. Procedure for Claiming Refund To claim a refund: -
*File GST Returns*: File your GST returns (GSTR-1, GSTR-3B, and GSTR-9) accurately. -
*Claim Refund*: Claim the refund of excess ITC in the GST portal. -
*Supporting Documents*: Maintain supporting documents, including invoices, payment receipts, and records of ITC accumulation.
Conclusion To claim a refund of excess ITC: -
*Verify Eligibility*: Verify your eligibility for claiming a refund due to inverted duty structure. -
*File GST Returns*: File your GST returns accurately. - *Claim Refund*: Claim the refund of excess ITC in the GST portal.