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What is inverted duty structure

Radhakrishnan (Accounts Officer) (122 Points)

22 April 2021

what is the concept of refund under inverted duty structure scheme

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prasad Nilugal (3924 Points)
Replied 22 April 2021

Inverted duty structure means Input Tax Credit is accumulated on account of , higher rate of Tax on Inward supply (purchase) than Outward Supply (Sales ) i,e Purchase of Goods 18% , Sales for 12% .

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CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 22 April 2021

The GST rate paid on purchases is more than the GST rate payable on sales. Archit Gupta. Under GST, the term 'Inverted Tax Structure' refers to a situation where the rate of tax on inward supplies (purchases) is more than the rate of tax on outward supplies (sales).