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refund of unclaimed credit

Ahanak (Article)     19 April 2019

 12 likes  254 points

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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.


Haresh Patel   19 April 2019

Haresh Patel

 2 likes  36 points

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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

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