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Refund of excess GST Input due rate difference

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Accountant
75 Points Joined October 2019
ABC is using difference categories of inputs for manufacturing. It's input are taxed at 5,12,18%. But 70% inputs are taxed at 5%. Output of it are taxed at 5% only. It have accumulated input tax due to rate difference. Can ABC claim refund of GST?
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On 14 April 2020 at 17:51 Report
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32 Points Joined July 2019
Yes you can claim refund under inverted due to structure. in this category input goods tax rate is higher than output goods tax rate .
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On 14 April 2020 at 23:34
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CA | GST | Refunds | Advisory | Litigati
1463 Points Joined March 2018
Yes, as per section 54 of the CGST act 2017 you can rightfully claim refund of accumulated ITC in case of Inverted duty structure. Note : NO ITC of capital goods will be allowed.

Further clarification on refund contact - CA SACHIN M JAIN | 8097515447 | casachinmjain @ gmail.com
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On 15 April 2020 at 11:56
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Consultant
1891 Points Joined April 2019

Yes, in case of inverted duty structure, you can apply for refund of the excess ITC being carried forward. . 

 

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On 15 April 2020 at 12:19

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