Dear Sir,
Can I claim GST Refund amount which is available in Electronic Credit Ledger.
Excess Credit Balance = Purchase Tax - Sales Tax.
Please help.
Soumyaranjan Samal (fresher) (179 Points)
03 July 2021
CA Altamush Zafar
(GST Consultant)
(15907 Points)
Replied 03 July 2021
Soumyaranjan Samal
(fresher)
(179 Points)
Replied 03 July 2021
CA Altamush Zafar
(GST Consultant)
(15907 Points)
Replied 03 July 2021
If your outward tax rate is lower than the input tax rate then inverted duty structure applicable
Soumyaranjan Samal
(fresher)
(179 Points)
Replied 03 July 2021
Pankaj Rawat
(GST Practitioner)
(55032 Points)
Replied 03 July 2021
CA Altamush Zafar
(GST Consultant)
(15907 Points)
Replied 03 July 2021
This is not under inverted duty structure.
No refund allowed.
VIPIN GUPTA
(PARTNER)
(419 Points)
Replied 05 July 2021
CA Altamush Zafar
(GST Consultant)
(15907 Points)
Replied 05 July 2021
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.
Tajinder Singh
(B.Com)
(22 Points)
Replied 09 July 2021
Pls advise how to show refund amount in RED 01 application.
Suppose total refund amount is Rs.100/-
CA Altamush Zafar
(GST Consultant)
(15907 Points)
Replied 09 July 2021
Engage a consultant to file your refund application.
This forum is not the appropriate place for it.
Bhavika Kothari
(CA)
(1258 Points)
Replied 19 July 2021
If the excess credit balance is due to inverted tax structure then yes you can claim refund of the excess credit balance
Bhavika Kothari
(CA)
(1258 Points)
Replied 19 July 2021
If the excess credit balance is due to inverted tax structure then yes you can claim refund of the excess credit balance
Bhavika Kothari
(CA)
(1258 Points)
Replied 19 July 2021
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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