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Gst refunds

11 February 2021

services are eligible for refund under inverted duty structure

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2 Replies

Rama chary Rachakonda (Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294) (7306 Points)
Replied 11 February 2021

Current GST return filing requires that every month, once GSTR-1 is filed to report Sales, one must file GSTR-3B to report the ITC and make necessary GST Payment. Also if a refund is required to be claimed the same can be done by filing relevant refund related forms.

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debora M (BUSINESS DEVELOPMENT MANAGER) (1697 Points)
Replied 11 February 2021

Refund in case of Inverted Duty Structure under GST. A registered person may claim a refund of unutilized ITC on account of Inverted Duty Structure at the end of any tax period where the credit has accumulated on account of rate of tax on inputs being higher than the rate of tax on output supplies.