Refund of ITC for real estate business

This discussion explores whether construction companies can claim a refund for unutilised Input Tax Credit (ITC) on works contract services under GST. While ITC is generally available for services used in further supply, the possibility of a refund hinges on specific conditions, particularly the inverted duty structure where input GST is higher than output GST. It's clarified that refunds are typically only applicable to ITC on inputs, not input services, and are generally limited to exports or inverted duty scenarios.