Gst refund

239 views 2 replies

Dear All, please go through the below points 

Purchase from - A on 5th December 2019

Name of Item     Oty        Value              input IGST             Total Value 

copper                 1         1,10,000               19,800                1,29,800

And the same material in same condition sold to a Exporter ( i: e B) on 15th December 2019 under as per Notification No. 40/2017-Central Tax (Rate 0.05%) as below stated invoice  

Name of Item     Oty        Value              output CGST (0.05%)          output SGST (0.05%)               Total Value 

copper                 1         1,30,000                         65                                       65                                  1,30,130

 

Now my query is, can i eligible to claim refund for this excess inputs..?? and what is the procedure. 

thanks in advance.

 

 

                   

                                      

Replies (2)
Yes you are eligible for inverted duty refund.
YYou can do so under Inverted duty structure - Section 54 (3) (ii) of CGST Act, 2017 read with rule 89 of the CGST Rules, 2017 and in accordance with CBEC Circular no.24/24/2017-GST dated 21/12/ 2017.  Pls go through circular

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