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Gst refund(inverted duty structure)
supplier is supplying goods as well as services at 5% but purchase goods for 12%. will service portion be counted for calculation of turnover for inverted duty structure
Replies (2)
Refund of accumulated ITC on input services will not be available under duty inverted structure.
As per Notification No. 39/2018-CT dated 04.09.2018, the supply of services excluding the supply of exempt services shall be included in the turnover.
In case of any further queries, kindly mail me at casoravgupta @ gmail.com
Thanks & Regards
CA. Sorav Gupta
(Practicing Chartered Accountant)
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