Dear Sir,
Can I claim GST Refund amount which is available in Electronic Credit Ledger.
Excess Credit Balance = Purchase Tax - Sales Tax.
Please help.
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GST Refund - Electronic Credit Ledger.
Replies (14)
Quick Summary
You can claim if you're either exporter or your supplies are under inverted duty structure.
How to find that my services comes under Inverterd duty structure.
If your outward tax rate is lower than the input tax rate then inverted duty structure applicable
Our business is to provide Auxiliary education Services or Other education services to School, College, Teacher, doctor and student and parent. Mainly ITC comes from internet bill, travel bill, Computer purchase and other. My question is, Can I claim pending ITC in Electronic Credit Ledger.
No you cannot .
Refund can be claimed as per the condition prescribed in Section 54 of CGST Act.
Refund can be claimed as per the condition prescribed in Section 54 of CGST Act.
This is not under inverted duty structure.
No refund allowed.
Thanks
Sir can you through some light why it is not covered under inverted duty structure
Because as such no inputs are involved.
Secondly refund of input services and capital goods not allowed as of now in inverted duty structure refund.
Pls advise how to show refund amount in RED 01 application.
Suppose total refund amount is Rs.100/-
Engage a consultant to file your refund application.
This forum is not the appropriate place for it.
If the excess credit balance is due to inverted tax structure then yes you can claim refund of the excess credit balance
If the excess credit balance is due to inverted tax structure then yes you can claim refund of the excess credit balance
If the excess credit balance is due to inverted tax structure then yes you can claim refund of the excess credit balance
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