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Gst regarding difference in gst rate

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Ankit Sha

76 Points Posted on 18 August 2022

X purchased goods rated 18% and made supply rayed 12%.
whether any reversal required orr it is okk.

Replies (2)

Quick Summary

This discussion addresses a scenario where goods purchased at an 18% GST rate were supplied at a 12% rate, creating an inverted duty structure. It clarifies that provisions exist to claim a refund for the unutilised excess credit, depending on the product supplied.

CA. ANKIT PANDYA

682 Points Posted on 18 August 2022

Its an example of inverted duty structure. there are provisions to apply for refund of excess credit remaining unutilized, depending up the product being supplied.