My clients have purchase at rate of 12,℅ and sold good at rate of 5℅ the excess ITC gst increases in credit ledger.So can we claim for GST refund.
If yes.
So HOW..????
Menu
ITC IN CREDIT LEDGER
Replies (2)
If the product you deals does not fall under
the rate notification 5/2017 as amended by 29/2017 & 44/2017 (both CGST rate notions) Then you can claim refund under Inverted Tax Structure
the rate notification 5/2017 as amended by 29/2017 & 44/2017 (both CGST rate notions) Then you can claim refund under Inverted Tax Structure
if product does not fall under notifications then you can claim refund
Recent Threads
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
- TDS on Property- 26QB filing Doubt
- HSN code for Exempted supplies
- HSN Summary of Outward Supplies (Sales and Advance
Related Threads
CAclubindia
