Dear Sir,
Can I claim GST Refund amount which is available in Electronic Credit Ledger.
Excess Credit Balance = Purchase Tax - Sales Tax.
Please help.
14 Replies
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 03 July 2021
You can claim if you're either exporter or your supplies are under inverted duty structure.
Soumyaranjan Samal
(fresher)
(190 Points)
Replied 03 July 2021
How to find that my services comes under Inverterd duty structure.
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 03 July 2021
If your outward tax rate is lower than the input tax rate then inverted duty structure applicable
Soumyaranjan Samal
(fresher)
(190 Points)
Replied 03 July 2021
Our business is to provide Auxiliary education Services or Other education services to School, College, Teacher, doctor and student and parent. Mainly ITC comes from internet bill, travel bill, Computer purchase and other. My question is, Can I claim pending ITC in Electronic Credit Ledger.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 03 July 2021
No you cannot .
Refund can be claimed as per the condition prescribed in Section 54 of CGST Act.
Refund can be claimed as per the condition prescribed in Section 54 of CGST Act.
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 03 July 2021
This is not under inverted duty structure.
No refund allowed.
VIPIN GUPTA
(PARTNER)
(419 Points)
Replied 05 July 2021
Sir can you through some light why it is not covered under inverted duty structure
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 05 July 2021
Because as such no inputs are involved.
Secondly refund of input services and capital goods not allowed as of now in inverted duty structure refund.
Tajinder Singh
(B.Com)
(22 Points)
Replied 09 July 2021
Pls advise how to show refund amount in RED 01 application.
Suppose total refund amount is Rs.100/-
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 09 July 2021
Engage a consultant to file your refund application.
This forum is not the appropriate place for it.
Bhavika Kothari
(CA)
(1258 Points)
Replied 19 July 2021
If the excess credit balance is due to inverted tax structure then yes you can claim refund of the excess credit balance
Bhavika Kothari
(CA)
(1258 Points)
Replied 19 July 2021
If the excess credit balance is due to inverted tax structure then yes you can claim refund of the excess credit balance
Bhavika Kothari
(CA)
(1258 Points)
Replied 19 July 2021
If the excess credit balance is due to inverted tax structure then yes you can claim refund of the excess credit balance
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