Refund of Unutilized Input tax credit in case of inverted tax structure
This query is : Resolved
04 March 2022
My question in regard of Refund of Un-Utilized Input tax credit in case of inverted tax structure are:
1) What is the time limit of filing refund application ?
2) Is Refund of ITC on Supply of Services can claim ?
3) Is Refund of ITC on Capital goods can claim ?
Please advice with respect of Rule.
Thanks in advance
1) What is the time limit of filing refund application ?
2) Is Refund of ITC on Supply of Services can claim ?
3) Is Refund of ITC on Capital goods can claim ?
Please advice with respect of Rule.
Thanks in advance
23 March 2022
Awaiting for reponse
23 March 2022
Generally time limit for refund is within 2 years from the end of the FY to which refunds relate to.
Yes, you can take ITC of capital goods also.
Yes, you can take ITC of capital goods also.
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