REFUND OF GST PAID ON IMPORTED GOODS
This query is : Resolved
23 November 2021
We have paid GST on Imported Material on RCM Basis. Whether we can claim refund of GST Paid on RCM Basis ??
23 November 2021
Yes, ITC can be claimed from same month.
23 November 2021
Your question is not clear. Whether you have paid GST twice - once during import and once during filing GSTR-3B? or you have only paid during importation ?
06 December 2021
We are claiming ITC of GST Paid on Import of Goods , but my question is whether we can claim refund in cash of such ITC ?? As Our outward supply is taxable at the rate of 5% while GST Paid on Imported Goods on RCM Basis is @ 18%, hence Can we claim Refund in cash of such accumulated ITC
06 December 2021
You will have to claim refund under inverted duty structure as per rules
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Tds on building rent monthly
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- COP Surrender 2024
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
