Greetings of the day everyone
My Input tax credit is more than output, Kindly let me guide whether can I take the refund of my ITC or not ?????
Menu
GST refund
Replies (6)
if your outward rate of tax is less then input rate of tax then you can file RFD01 under inverted duty tax structure. if this is the reason.
What if rate of tax is same but my sale is low that's why output tax is also less than input tax ???
then there is no provision for taking refund of ITC
Okkk Ma'am .....Thank you
In your cases you can't apply for GST Refund
Yes, if your input is goods and the rate on your input is higher than your outward supply.
Recent Topics :
- Looking for a study buddy intermediately Jan 2027
- How to correct a NIL GST return filed by mistake w
- Is it legally permissible not to report F&O lo
- Query on FCTRS
- APPLICABILITY AND BREAKDOWN OF GST COMPLIANCE ON S
- Advance for supply of goods
- Question for members: how do you manage client doc
- Clarification Required on Invoicing and Receipt of
- SEBI Registered VS NSDL Registered RTA
- Income tax or capital gain tax for Resident Indivi
Related Topics :
CAclubindia
