Inverted duty structure

This query is : Resolved 

30 January 2018 Dear Expert,
Please explain about "INVERTED DUTY STRUCTURE" for the purpose of Refund under sub-section (3) of section 54 of CGST Act and Rule 89(2)(h). can we take refund of unutilized input tax credit now from July to December 2017.

Thanks
Abhay

30 January 2018 Inverted duty structure: Where the credit has accumulated on account of rate of tax on inputs being higher than the rate of tax on output supplies (other than nil rated or fully exempt supplies), except supplies of goods or services or both as may be notified by the Government on the recommendations of the Council

30 January 2018 Yes refund can be claimed on ITC accumulation due to inverted duty structure.


31 January 2018 Our CGST/SGST output tax rate is 12% & 18% and Input at various rate i.e. 5% ,12%,18%,28% CGST/SGST/IGST & Import also.then how will calculate inverted duty structure..Pls guide.

Thanks

06 February 2018 Our CGST/SGST output tax rate is 12% & 18% and Input at various rate i.e. 5% ,12%,18%,28% CGST/SGST/IGST & Import also.then how will calculate inverted duty structure..Pls guide.

01 August 2024 https://docs.google.com/document/d/1Jl2AWXljxsZpfVhsEQR-wmfGEmBM0FiKZkguOlmRW_E/edit?usp=sharing



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