Refund of itc

PC Sharma (66 Points)

08 July 2020

i have paid tax through cash. hence, itc is accumulated. can i claim for refund?

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5 Replies

chethan data (298 Points)
Replied 08 July 2020

Section 54(3) cgst itc refund eligible for two circumstances
1 inverted duty structures
2 zero rated

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 08 July 2020

@ Mr PC Sharma,

Your query is not cleared. Can You elaborate with some more details...?

Vijayprakash P (1313 Points)
Replied 08 July 2020

ITC is eligible only when it is credited to the electronic cash ledger.

Shivaprasad (Paid Assistant) (35 Points)
Replied 11 July 2020

Whether ITC pertains to exports or local sales

PC Sharma (66 Points)
Replied 11 July 2020

Local sales

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