We are falling under Inverted Tax Structure and we have Balance in my GST Credit Ledger from July-2017. Can I claim the refund from July-2017 to Feb-2019 at once?
Menu
Rfd-01 for july-07 to feb-19
Replies (2)
Under Inverted Tax Structure- Maximum Refund Amount = {(Turnover of inverted rated supply of goods) x Net ITC ÷ Adjusted Total Turnover} - tax payable on such inverted rated supply of goods
yes you can but please confirm with concerning authority how ITC to be taken in formula (ITC with expenses or without expenses).
Recent Threads
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
- WHERE TO REGISTER UNDER PTRC AND PTEC ACTS ?
- Key Corporate Compliance Requirements for Private
- Gst Non Filling Return Notice
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
Related Threads
CAclubindia
