refund

204 views 2 replies
Is ITC / refund allowed on following in case of inverted tax structure...cases...?
1. Capital goods used in manufacturing of final product
2. job work through other person
3. paid for services availed for testing of equipments

4. paid for getting conseltancy

kindly reply
Replies (2)
4. For refund of GST in case on inverted duty structure, refund is applicable only for inputs. No refund on input Services and capital goods.

As


Section 54 CGST
ii] where the credit has accumulated on account of rate of tax on INPUT being higher than the rate of tax on output supplies [other than nil rated or fully exempt supplies], except supplies of goods or services or both as may be notified by the Government on the recommendations of the Council

In above the "INPUT" as per section 2(59) Inputs means any Goods other than capital goods used or intended to be used by supplier in course or furtherance of business.

So no refund on unutilised itc in respect of capital goods & services

Refund of ITC on account of Inverted Duty Structure u.s 54(3) of CGST Act is not allowed in respect of  GST paid on  Capital Goods and Input Services. Job work through other person ,services availed for testing of equipments and GST paid for getting consultancy is not entitled to refund.

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details