Relevent date for inverted tax structure

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4 Points Posted on 15 September 2020
what would be relevant date for inverted tax refund.
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On 15 September 2020 at 00:01 Report
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If you're dealing with an inverted tax structure where input tax rates are higher than output rates, you can claim a refund for unutilised Input Tax Credit (ITC). The relevant date for this claim is now within two years from the due date of your GSTR-3B filing for the specific tax period you're applying for the refund.

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Chartered Accountant
4524 Points Posted on 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.
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On 15 September 2020 at 07:34
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4 Points Posted on 15 September 2020
It has been amended now.
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On 15 September 2020 at 16:09
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Manager-Accounts & GST Consultant
5124 Points Posted on 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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On 15 September 2020 at 17:04

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