Excess of ITC refund

ITC / Input 384 views 3 replies

I have purchased goods @ 12%

But we make sales @ 5%

 

Can we claim of Excess ITC as refund 

Replies (3)

You Can Claim refund of in case Inverted Duty Structure with certain conditions and  restrictions , as per section 54(3) of the CGST Act , and rule 89(5) of the CGST rules , ( please refer) , you also refer Circular issued by CBDT , time to time in this regards , along with Case laws . If you are eligible then you Can apply for refund. 

Take more Opinion as well. 

Please correct as "CBIC" above , instead of CBDT . 


CCI Pro

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