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INVERTED GST REFUND

13 November 2020

Dear All,
Please tell me how two years are calculated in case of GST refund of ITC excess in Inverted Tax structure.
Can I apply now 2018-2019 refund?
please give suggestion.

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3 Replies

Nimitha K R (2 Points)
Replied 14 November 2020

There are many situations to understand relevant date...whether export of goods or service or deemed exports or unutilised balance in credit ledger etc

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Samrat Karar (110 Points)
Replied 14 November 2020

It is Inverted Tax Structure

Ranga raj (still studying) (122 Points)
Replied 14 November 2020

To add clarity, Mr samrat karar do you refer to a situation where your GST percentage for your purchases (say 28%) is higher than your sales (say 12% or exempt or zero)