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refund of excess itc
can I claim refund if I have only input no taxable supply?
Replies (6)
What items are you you dealing?
Kindly brief it...
Kindly brief it...
No ... refund cannot be claim
stadium booking .. its a sports club
You can claim refund after filing of annual return GSTR 9 if have you ITC and the same is reflected in GSTR 2...
what is the process to clain itc. ?
As per Section 54 CGST Act :
A claim for refund may arise on account of:
• Export of goods or services.
• Supplies to SEZs units and developers
• Deemed exports
• Refund of taxes on purchase made by UN or embassies etc.
• Refund arising on account of judgment, decree, order, or direction of the Appellate Authority, Appellate Tribunal, or any court.
• Refund of accumulated Input Tax Credit on account of inverted duty structure
• Refund of pre-deposit
A claim for refund may arise on account of:
• Export of goods or services.
• Supplies to SEZs units and developers
• Deemed exports
• Refund of taxes on purchase made by UN or embassies etc.
• Refund arising on account of judgment, decree, order, or direction of the Appellate Authority, Appellate Tribunal, or any court.
• Refund of accumulated Input Tax Credit on account of inverted duty structure
• Refund of pre-deposit
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