In case I have excess GST credit which arose on account of GST paid on custom duty in case of imports, am I eligible for refund? Please clarify
9 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 07 April 2019
No ... i dont think so , claim of refund on un-utilised inputs on Import is not Available , As per secrion 54 CGST Act the refund can be claim On Export of sale
mona
(Direct Tax)
(136 Points)
Replied 07 April 2019
means I cannot got refund on account of gst on imports? till wat time can I carry forward that credit. mine will be this case always .does it mean that I can carry forward it till unlimited time???????????pl clarify
Ajeet Singh
(Service )
(190 Points)
Replied 07 April 2019
Refund option available through RFD-01A Circular No. 94/13/2019-GST Dated 28.03.19 Clarification on refund related issues
mona
(Direct Tax)
(136 Points)
Replied 07 April 2019
no there is no mention of gst refund on imports in that circular
CA Shikha Sharma
(Ceo)
(3869 Points)
Replied 07 April 2019
if you are Gst-registered into India and imorot goods as part of activities, claim GST buy unutilized cannot be as master Pankaj sir mentuined
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 08 April 2019
If dont want to carry the balance in Credit ledger , can reverse it in 3b under reversal & in books the same can be W/Off .
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