refund of unclaimed credit

Follow 1 Replies

Start a discussion Unanswered

Ahanak (Article) 19 April 2019

The seller has not claimed input tax credit on the goods but now he wants to claim refund of unclaimed ITC
is it possible or only ITC has to be claimed. Although he has outward tax supplies.

CCI Online Learning

CAclubindia Online Learning offers a wide variety of online classes and video lectures for various professional courses such as CA, CS, CMA, CISA as well as various certification courses on GST, Transfer Pricing, International Taxation, Excel, Tally, FM, Ind AS and more. know more

Haresh Patel 19 April 2019

Refund of ITC available only in case of 'zero rated supply without payment of tax' and supply with inverted duty structure . You have not clarified the nature of outward supply. Presuming , it does not fall under above referred, no refund of ITC