GST REFUND

300 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

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details