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Refund under gst

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D.P.BARBHAYA & ASSOCIATES
150 Points Posted on 05 July 2017
CLIENT HAVING BUSINESS OF IMITATION ORNAMENTS. ITS INPUT RAW MATERIALS ARE TAXED AT AVG 15% GST . HIS FINAL PRODUCTS SELL AT 3% GST. IS IT SURE THAT HE WILL GET REFUND FOR HIS EXCESS CREDIT?
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On 05 July 2017 at 16:58 Report
Replies (6)
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Goods and Services Tax Consultant
208 Points Posted on 05 July 2017

first proviso to section 54 CGST act,2017

1) Refund of input tax credit will be allowed where rate of tax on inputs being higher than rate of tax on output supplies 

 

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On 05 July 2017 at 17:12
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"Do the Right Thing...!!!"
128147 Points Posted on 05 July 2017

Oh yes... You can get Refund... To follow the rules under Refund section wise....

463 Reply
On 05 July 2017 at 17:15
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D.P.BARBHAYA & ASSOCIATES
150 Points Posted on 05 July 2017
will i get refund monthly or yea
2 Reply
On 05 July 2017 at 19:10
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D.P.BARBHAYA & ASSOCIATES
150 Points Posted on 05 July 2017
will i get monthly refund or yearly?
2 Reply
On 05 July 2017 at 19:11
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"Do the Right Thing...!!!"
128147 Points Posted on 05 July 2017

Sir.,

Please find here

463 Reply
On 05 July 2017 at 19:17
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Goods and Services Tax Consultant
208 Points Posted on 06 July 2017
Can make an application within Two years from the relevant date For relevant date check explanation to section 54
1 Reply
On 06 July 2017 at 00:32


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