ITC in Construction Industry

[HIREN MEHTA]

Dear Sir,

Can we get a refund of Overflow of GST paid under RCM in Construction Industry if the same is not utilised for out put GST liability?

AI Summary

Refund Not Allowed for Overflow GST Paid Under Reverse Charge in Construction Industry, Inverted Duty Structure Exemption Cited A query was raised regarding the possibility of obtaining a refund for the overflow of GST paid under the Reverse Charge Mechanism (RCM) in the construction industry if it is not used for output GST liability. The responses clarified that a refund is not permissible. One respondent referenced a specific notification, stating that the refund of inverted duty structure is not applicable to the construction sector. Another suggested using the excess GST to reduce the cost of service supply, while a final reply confirmed that refunds for overflow GST are not allowed in construction services.