in case of refund for inverted tax structure under sec 54 read with Rule 89, in meaning of NET ITC the word 'ITC availed during the relevant period' is used.
Is this would also include opening balance of ITC carried forward from previous month ?
Menu
Refund of Inverted Tax structure
Replies (3)
No. Since refund filing has to be done for each month.
suppose if a dealer has only purchases in first month and sales only in next month,
that means the dealer can not claim refund in any month
that means the dealer can not claim refund in any month
is there any difference in Itc earned and ITC availed
Recent Topics :
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
Related Topics :
CAclubindia
