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Refund application for inverted duty structure

Mayur (Free Learner) (334 Points)

04 May 2018

Any one filed GST refund application for inverted duty structure and got refund for the same?

Where to submit the refund application and which documents are to be submitted?

If there is a credit under VAT regime which is carry forwarded in GST, can refund of the same be claimed?

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4 Replies

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 04 May 2018

U CAN CLAIM REFUND VIA FILING GST RFD-01

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Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 04 May 2018

Procedure for Application for refund:

1. Any person claiming refund of unutilised input credit on account of inverted duty structure may file an application electronically in Form GST RFD-01 through the common portal, either directly or through a Facilitation Centre notified by the Commissioner as per the provisions of Rule 89(1).

2. The application shall be accompanied by a statement containing the number and the date of the invoices received and issued during a tax period in a case where the claim pertains to refund of any unutilised input tax credit under Section 54(3) where the credit has accumulated on account of the rate of tax on the inputs being higher than the rate of tax on output supplies, other than nil-rated or fully exempt supplies as per the provisions of Clause h of sub-rule 2 of Rule 89.

3. A declaration to the effect that the incidence of tax, interest, or any other amount claimed as refund has not been passed on to any other person, in a case where the amount of refund claimed does not exceed two lakh rupees (Rule 89(2)(l)

4. A Certificate in Annexure 2 of Form GST RFD-01 issued by a Chartered Accountant or a cost accountant to the effect that the incidence of tax, interest or any other amount claimed as refund has not been passed on to any other person, in a case where the amount of refund claimed exceeds two lakh rupees

5. The Electronic credit ledger shall be debited by the applicant by an amount equal to the refund claimed.

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vikas saini (officer) (3 Points)
Replied 04 May 2018

pls call to this no. 8503858360 for Refund . he is tax consultant.

Shankar Hittanagi (Employee & Tax Practitioner) (55 Points)
Replied 12 January 2019

Dear sir,

We are preparing worksheet for the applying the Inverted duty structure refund application on Ethanol sales. We are facing following problem please clear the same;

1. We are applying for July to Sep 2018 quarter, where the middle of month GST Rate on Ethanol is come to 5% from 18%, whereas input Molasses GST @ 28%,

2. The sale of final products and Inputs stock was before July-2018 and ITC availed before July-2018.

3. Further, the ITC balance in the books was huge i.e includes inputs and Capital Goods also.

4. The ITC availed inputs we are using for production of dutiable and Non dutiable products.

In this background we are going to calculate the refund on reverse calculation i.e consumption basis of inputs by considering market value. is it correct.