Refund on Inverted duty sructure

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Accountant
39 Points Posted on 13 February 2023
we are applying for refund under inverted duty structure for fy2020-21. is input service eligible for refund purpose?
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On 13 February 2023 at 12:52 Report
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Quick Summary
This discussion addresses the eligibility of input services for refunds under an inverted duty structure for the financial year 2020-21. While input services are generally allowed for such refunds according to new rules, it is strongly advised not to claim this Input Tax Credit (ITC). For specific queries, you can reach out to CA. Sorav Gupta.

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Chartered Accountant
1005 Points Posted on 13 February 2023

Yes, it is allowed.

In case of any further queries, kindly mail me at casoravgupta @ gmail.com

Thanks & Regards
CA. Sorav Gupta
(Practicing Chartered Accountant)

4 Reply
On 13 February 2023 at 13:38
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Chartered Accountant
86505 Points Posted on 13 February 2023
Yes it is allowed as per new rule but highly suggested not to claim such ITC
3 Reply
On 13 February 2023 at 18:50

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