Relevent date for inverted tax structure
Punit Kumar Dwivedi (4 Points)
15 September 2020
what would be relevant date for inverted tax refund.
3 Replies
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 15 September 2020
A registered person may claim a refund of unutilized ITC on account of Inverted Duty Structure at the end of any tax period where the credit has accumulated on account of rate of tax on inputs being higher than the rate of tax on output supplies.
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 15 September 2020
The time limit for filing refund is within 2 years from due date of GSTR-3B for the month for which refund is being applied.
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