Last Year Turnover In GSTR-1

Page no : 2

Ghanshyam Giri (member) (24 Points)
Replied 13 June 2018

dear to all,

my work oil industry i am purchase oil and packing material and sale but sale gst 5% and purchase packing material 18 % so my gst input every month increase. so get gst refund should be received or not pls sugeest me.

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CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 13 June 2018

YES MANDATORY

BUT IF U FORGET SO IT IS NOT A BIG ISSUE

FILE RETURN ON TIME

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 13 June 2018

Dear Ghanshyam Giri

You cannot claim refund .

The excess ITC in books can be writeoff by transfering the same to Trading Acoount (Basically add to your cost of purchase)

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 13 June 2018

@ Mr. Ghanshyam., I think You can claim refund for the Unused ITC. Please go to contact Your circle office they can help in this regard... Also please refer this article under this link..... https://cleartax.in/s/refund-claims-under-gst-for-tax-and-itc