Menu
What is inverted duty structure
what is the concept of refund under inverted duty structure scheme
Replies (5)
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% .
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).
Agree
Ok thank you for your immediate reply
Your welcome
Recent Threads
- Demat of shares of private limited company
- Income only with share market around 5-6 lack
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
- Amt of LTCG required to be reinvested on house pro
- Charity Commissioner of Maharashtra site error
- GST under my personal name
Related Threads
CAclubindia
