How to claim GST Refund of excess ITC? Please tell the proper process.....Thanx in advance.
Menu
Gst refund
Replies (13)
You can't claim refund of excess ITC under gst. It is to be utilized for payment of tax only.
No ITC cannot be claimed. Better to utilize it for paying liabilities.
Please elaborate the reason behind excess ITC, your business activity and payment details of GST.
my input credit is higher than the output that is why I have excess ITC. I am closing my company so where should I use this excess ITC?
Arr you manufacturer?
I have a construction business. Construction has been sold so the company is to be close. Now how to claim a refund of GST?
You have not paid gst on Construction?
in the case of a construction project, there is no GST to be paid after getting clearance certificate. before CC we have made GST payment but that was tiny amount now we have excess ITC as we paid GST for the purchase of goods and services.
In normal case excess ITC will not be raised after the completion of work contract because raw material cost will be around 40% and balance % will be labour and profit of the work quoted amount. Do you have any closing stock?
I HAVE BY MITSKAE FILE NIL GST REFUND PLEASE LET ME KNOW THE PROCEDURE HOW TO REVISED IT.
I HAVE BY MITSKAE FILE NIL GST REFUND GST RFD 01A ITC ON EXPORT OF GOODS AND SERVICES WITHOUT PAYMENT OF TAX.
PLEASE LET ME KNOW THE PROCEDURE HOW TO REVISED IT.
Yes I have closing Stock Vinod Sir.
dear sir, due to server mistake my a/c debited 2 times for gst and later i filed RFD-01 but still i have not received my money bank.amount has been debited from credit ledger.please advice
Recent Topic
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
Related Topics
CAclubindia
