Dear experts,
Sir we are a developer firm.We dont need to pay GST on our sale as it is exempted under GST.
We pay GST on our purchase so our ITC remained unutilized.
Now can we claim refund for this?
Menu
Itc refund
Replies (5)
No ITC is not to be refunded. As per section 54 of CGST act 2017, refund of itc is only when you engage in export of goods or service or incase of Inverted ITC case. As your supply is exempted yoy can't further enjoy itc Refund.
Now can we claim refund for this?
- No. Refund not available if exempted supplies.
- No. Refund not available if exempted supplies.
there are two part of service we do.before receiving clearance certificate we need to pay GST and after receiving clearance certificate we don't need to pay any GST as it is exempted.
We have claimed all our ITC before receiving Clearance certificate.Now in this case what is the rule?
That iTC you CANNOT CLAIM REFUND.. you have to reverse in 3b
What is Your business (Supply under GST)...?
Can You elaborate with details...?
Can You elaborate with details...?
Recent Topic
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
Related Topics
CAclubindia
