Dear Experts, Our company imported Capital Goods paying IGST @ 18% which could not be utilized with output GST @ 5% for a long time. Can we claim refund of IGST due to inverted duty structure. Plz suggest.
Rate notification 5/2017 as amended by 29/2017 & 44/2017 (both CGST rate notions) item in which no refund can claim as Input tax rate is higher then the output tax rate
So plz refer to above Notification ,if your product cover under this notification, if yes then no refund can be claim , .. else yes
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