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Refund of claim
pls let me know,HOW and when to claim refund of inverted tax, which is hugely accumulating month by month after offsetting output tax liability since 3 years.Will it get lapsed ?
Replies (4)
It will lapsed after two years from due date.
Time limit for refund application is 2 years from the due date of the period to which you are claiming refund and for the calculation there is a formula given in GST Law for the same. so you have to understand the formula and make an application online on portal or you can ask us for the same.
Pls let me know due dates for it or any notification in this regard as all itc still available in credit ledger.
Contact me on details inboxed to you , I will answer you personally .
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