I import PVC material and selling websites and Software. I have un used IGST on imports which is of Rs.825000 approx. and its getting increased every month. Need some help to get it utilized on a regular basis.
5 Replies
V SUBRAMANIAM
(Tax consultant )
(546 Points)
Replied 10 March 2021
U can set it off against output taxes.
Rishit Khandelwal
(5 Points)
Replied 10 March 2021
Hi, Thanks but I don't have additional sale or purchase. Gov valuate the material at higher rate than the original purchase price and that leads to generate more input tax credit every month.
V SUBRAMANIAM
(Tax consultant )
(546 Points)
Replied 10 March 2021
U can claim under inverted duty if u output tax rate is lesser than input tax rate.
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 11 March 2021
You may claim refund of tax on inputs
Rishit Khandelwal
(5 Points)
Replied 11 March 2021
Is there any experienced CA available who can do it for me. Will pay your charges.
Recent Topics
- Account type error
- I am 35 What to do
- GSTR-3B Sales & Tax Liability Correction
- Full Exemption on Capital gain
- CRedit Note to suspended GSTN
- ITR 2 utility error
- GST Registration for Postal Agent
- COMMUNICATION ON GST PORTAL BETWEEN DEALER
- ERROR IN ITR 3 and ITR 2
- Error in jason file itr 3 pls guide
Related Threads
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
CA Deepak Gupta15 July 2025
CAclubindia
