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ITC Refund
I purchase Raw Material at 18% GST, & Sale Finished Goods at 12% GST. Can I claim the ITC refund in cash, of the extra 6% GST which I paid to the government in the time of Raw materials purchase.
Replies (5)
Quick Summary
Yes you can claim refund of excess gst paid by filing form RFD-01
Yes you can claim refund for inverted rate supplies.
but kindly note- you can claim refund only on input and not on input service or capital goods.
but kindly note- you can claim refund only on input and not on input service or capital goods.
Yes you can claim refund for inverted rate supplies.
but kindly note- you can claim refund only on input and not on input service or capital goods.
but kindly note- you can claim refund only on input and not on input service or capital goods.
@ Mr Chanchal Mondal.,
Yes Definitely...
You can claim unclaimed ITC as refund. No more restrictions in Your case...
Yes Definitely...
You can claim unclaimed ITC as refund. No more restrictions in Your case...
Yes you can claim in inverted duty structure refund
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