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Gst Refund

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Abhishek Selvam O

258 Points Posted on 14 April 2020

Can I claim refund on gst on capital goods if not what.should i do?Or can we claim only on input goods or services.

Replies (3)

Quick Summary

This discussion clarifies that GST refunds on capital goods are generally not claimable. Refunds are typically limited to unutilised input tax credit (ITC) in two specific scenarios: zero-rated goods/services where no tax was paid, or when the tax rate on inputs is higher than on output supplies (excluding zero-rated/exempted goods). To provide more specific advice, further details about your business transactions are needed.

RAJA P M

"Do the Right Thing...!!!"

77792 Points Posted on 14 April 2020

Your query start with "Can I......"

Here who is I...?
want more details with clarity...!

CA Sunil Kumar

Chartered Accountant

2301 Points Posted on 14 April 2020

Refund of unutilized input tax credit can be claimed in the following two cases only under GST:

Unutilized input tax credit on zero-rated goods/services on which no payment of tax was made can be claimed as refund.

Accumulation of unutilized ITC due to higher tax rate on inputs than the output supplies (other than zero-rated/exempted goods)

CA Sachin M Jain

CA | GST | Refunds | Advisory | Litigati

1300 Points Posted on 15 April 2020

May I know the business transaction you are into to assist you more upon refund claim. Need more information.

Further clarification contact - CA SACHIN M JAIN | 8097515447 | casachinmjain @ gmail.com