Gst Refund
Abhishek Selvam O (374 Points)
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.
3 Replies
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 14 April 2020
Your query start with "Can I......"
Here who is I...?
want more details with clarity...!
Here who is I...?
want more details with clarity...!
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 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)
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)
(1463 Points)
Replied 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
Further clarification contact - CA SACHIN M JAIN | 8097515447 | casachinmjain @ gmail.com
Recent Topics
- Sold Shares and purchased Open plot
- ITR 2 FILING FOR AY 2025-26
- TDS on Purchase of Property from Joint Owners
- TDS PURCHASE ON PROPERTY
- Sold shares and Purchased plot
- Which form to File ITR1 or ITR2 with non taxable c
- Type of account validation error
- Deductions under 80TTB &80D (actual medical ex
- GST system notice u/s 46
- Unable to add second employer in Schedule Salary i
Related Threads
Trending Online Classes
CAclubindia
