GST Refund

[AnilKumar Vyas]

Dear Experts,

We are manufacturer and exporter of taxable supply. We are exporting goods on payment of IGST.

Each month increasing GST ITC due to following reasons:

> We are paying GST 28% on inward supply and charging 18% on outward supply.

> Procurement of Plant and Machineries.

All of you request to suggest how can we get refund of Excess ITC.

[KASTURI SETHI]

Refund is admissible.For procedure go through the following circular:-

Refund of IGST for Zero-rated supplies or accumulated ITC - Manual filing and processing of refund claims

Circular No. 17/17/2017-GST, dated 15-11-2017

[Ganeshan Kalyani]

Refund is eligible on inverted duty structure.

AI Summary

IGST refund entitlement for exporters and inverted duty suppliers enables recovery of accumulated input tax credit under prescribed procedures.
Accumulation of input tax credit when inward tax rates exceed outward rates creates entitlement to refund; exporters paying IGST and suppliers affected by an inverted duty structure may claim refund of excess ITC. Refunds are admissible under the GST refund framework and must be pursued through the prescribed refund mechanism, including manual filing and processing as detailed in the relevant administrative circular.