Refund of input services under an inverted duty structure
Atul M (aaa) (729 Points)
19 July 2022Can we claim a refund of input services under an inverted duty structure?
Thanks in advance.
CA Nitin K. Varshney
(FCA DISA CCA Peer Reviewer (ICAI))
(606 Points)
Replied 19 July 2022
Atul M
(aaa)
(729 Points)
Replied 19 July 2022
CA Nitin K. Varshney
(FCA DISA CCA Peer Reviewer (ICAI))
(606 Points)
Replied 19 July 2022
yes. Input on capital goods, services and other non manufacturing expenses will not be eligible for the computation of refund under inverted tax structure. Further ITC on edible oil is also ineligible for refund under inverted tax structure wef 18/07/2022. So you have to keep in mind the eligible ITC while computing refunds.
CA Rashmi Gandhi
(Chartered Accountant)
(86308 Points)
Replied 19 July 2022
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GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)