I have purchased goods @ 12%
But we make sales @ 5%
Can we claim of Excess ITC as refund
1 Replies
Rama chary Rachakonda
(Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294)
(8258 Points)
Replied 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. -
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