INVERTED GST REFUND

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111 Points Posted on 13 November 2020
Dear All,
Please tell me how two years are calculated in case of GST refund of ITC excess in Inverted Tax structure.
Can I apply now 2018-2019 refund?
please give suggestion.
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On 13 November 2020 at 12:58 Report
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Quick Summary
This discussion addresses how to calculate the Goods and Services Tax (GST) refund for an inverted tax structure, specifically concerning excess Input Tax Credit (ITC). The user is asking for clarification on the two-year calculation period for claiming refunds, particularly for the 2018-2019 financial year. They are seeking guidance on the relevant dates and conditions, such as exports or unutilised credit balances, to ensure a successful refund application.

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2 Points Posted on 14 November 2020
There are many situations to understand relevant date...whether export of goods or service or deemed exports or unutilised balance in credit ledger etc
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On 14 November 2020 at 04:38
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111 Points Posted on 14 November 2020
It is Inverted Tax Structure
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On 14 November 2020 at 08:02
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still studying
122 Points Posted on 14 November 2020
To add clarity, Mr samrat karar do you refer to a situation where your GST percentage for your purchases (say 28%) is higher than your sales (say 12% or exempt or zero)
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On 14 November 2020 at 20:58

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