banner_ad

What is inverted duty structure

Others 246 views 5 replies
User Avatar

Accounts Officer
122 Points Posted on 22 April 2021
what is the concept of refund under inverted duty structure scheme
0 Reply Share Follow
On 22 April 2021 at 17:16 Report
Replies (5)
User Avatar

3924 Points Posted on 22 April 2021

Inverted duty  structure means  Input  Tax Credit  is accumulated  on account  of ,   higher  rate  of  Tax on  Inward  supply (purchase) than  Outward  Supply (Sales )  i,e  Purchase  of Goods 18%  , Sales for  12% . 

Reply
On 22 April 2021 at 17:32
User Avatar

Chartered Accountant
24588 Points Posted on 22 April 2021
The GST rate paid on purchases is more than the GST rate payable on sales. Archit Gupta. Under GST, the term 'Inverted Tax Structure' refers to a situation where the rate of tax on inward supplies (purchases) is more than the rate of tax on outward supplies (sales).
Reply
On 22 April 2021 at 18:25
User Avatar

1388 Points Posted on 23 April 2021
Agree
Reply
On 23 April 2021 at 08:49
User Avatar

Accounts Officer
122 Points Posted on 23 April 2021
Ok thank you for your immediate reply
Reply
On 23 April 2021 at 09:09
User Avatar

Chartered Accountant
24588 Points Posted on 23 April 2021
Your welcome
Reply
On 23 April 2021 at 09:18


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details