GST refund FY 2017-18

This discussion clarifies whether a GST refund can be claimed for FY 2017-18 after filing GSTR 9, particularly for excess input tax credit arising from rate differences between inward and outward supplies. It highlights that refunds are possible under Section 54, specifically for input tax on goods where the outward supply rate is lower than the input supply rate, excluding input services and capital goods. The conversation also points to relevant notifications (5/2017 CT (R) and 20/2018 CT (r)) regarding blocked credits and inverted duty structures, with a specific example of yarn and fabric where refund eligibility depends on the exact HSN codes and tax rates.