banner_ad

GST REFUND

282 views 5 replies
GST refund of ITC on capital goods in case of inverted duty structures.
can we claim the refund under the GST?
Replies (5)
Hi Ashuthosh

its available subject to few condition

For further details you can contact me at sthayin @ gmail

Wind Turbines & Services is a works contractor or not.

 

@ Ashutosh
No refund of ITC Available on capital goods in case IDS.

It has been clarified vide para 14 of Circular no.79/53/2018 & in Section 54(3) of CGST Act , Refund of Unutilised ITC may be claimed , where the credit accumulated on account of rate of tax on INPUTS being higher than the rate of tax on output supplies.

And As per Definition of INPUTS define in Section 2(59) : Input means goods other then Capital Goods .
So input does not includes Capital Goods , hence No refund can be claimed on same under IDS
Thanks for explanation
You are always welcome


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details