Output gst collection is less than input gst

ITC / Input 203 views 2 replies

Hi,

 

Here is a scenario i and my few channel partners are facing, our output gst collection is less than the input gst as we are getting schemes reimbursed by the companies we purchase goods and sell them using their software. Here they pass additional scheme for which we get later credit notes as a result we are in profits but unable to pay tax. Is there a way out to this problem. Are there any consequences for such scenario.

Replies (2)

You can claim refund of excess ITC in your account, Login to GST.gov.in then select Services, then Refunds then select Application Refund, then select refund of excess of ITC , then complete the Process, 

Alternatively you can follow this official refund process user manual,

 https://tutorial.gst.gov.in/userguide/refund/index.htm#t=Application_for_Refund_manual.htm

you cannot get refund for input credit


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