Refund under inverted duty
Akshat Shah (13 Points)
01 September 2022Akshat Shah (13 Points)
01 September 2022
CA Sorav Gupta
(Chartered Accountant)
(1005 Points)
Replied 01 September 2022
Yes Akshat, Refund can be claimed under the inverted duty structure since the GST rate on input is more than output.
In case of any further queries, kindly mail me at casoravgupta @ gmail.com
Thanks & Regards
ACA. Sorav Gupta
(Practicing Chartered Accountant)
Akshat Shah
(13 Points)
Replied 02 September 2022
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 03 September 2022
Ram Sharma
(Student)
(2 Points)
Replied 03 September 2022
Akshat, the notification you refer states that the refund will be allowed prospectively from the applicability of the aforesaid notification.