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GST Refund - Electronic Credit Ledger.

Soumyaranjan Samal (fresher) (151 Points)

03 July 2021  
Dear Sir,

Can I claim GST Refund amount which is available in Electronic Credit Ledger.

Excess Credit Balance = Purchase Tax - Sales Tax.

Please help.

 14 Replies

CA Altamush Zafar (GST Consultant) (10960 Points)
Replied 03 July 2021

You can claim if you're either exporter or your supplies are under inverted duty structure.

Soumyaranjan Samal (fresher) (151 Points)
Replied 03 July 2021

How to find that my services comes under Inverterd duty structure.

CA Altamush Zafar (GST Consultant) (10960 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) (151 Points)
Replied 03 July 2021

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.
1 Like

Pankaj Rawat (GST Practitioner) (51638 Points)
Replied 03 July 2021

No you cannot .
Refund can be claimed as per the condition prescribed in Section 54 of CGST Act.

CA Altamush Zafar (GST Consultant) (10960 Points)
Replied 03 July 2021

This is not under inverted duty structure.

No refund allowed.

Soumyaranjan Samal (fresher) (151 Points)
Replied 04 July 2021

Thanks

VIPIN GUPTA (PARTNER) (419 Points)
Replied 05 July 2021

Sir can you through some light why it is not covered under inverted duty structure
1 Like

CA Altamush Zafar (GST Consultant) (10960 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) (10960 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) (1204 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) (1204 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) (1204 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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