MEANING FOR SOME GST TERMS

[SAFETAB LIFESCIENCE]

Dear Experts,

I need meaning for the following GST terms available in GST RFD-01 A

1. Turnover of Inverted rated supply of goods

2. Adjusted Total Turnover

3. Net Input tax Credit

[SAFETAB LIFESCIENCE]

Dear Experts,

Please reply for my querry dt. 30.01.2018 for the GST REFUND APPLICATION SUBMISSION. Certain Terms, I could not able to understand.

1. Turnover of Inverted rated supply of goods

2. Adjusted Total Turnover

3. Net Input tax Credit

I could not able to work out the computation of Refund to be claimed (Statement-1). Please help me by explaining the above details so that I can apply.

AI Summary

GST term definitions requested to compute refund claim; clarification sought on turnover, adjusted turnover and net input tax credit. Request for clarification of three GST terms required to prepare a refund claim: Turnover of Inverted Rated Supply of Goods, Adjusted Total Turnover, and Net Input Tax Credit. The taxpayer cannot complete the refund computation (Statement 1) without guidance on identifying, quantifying, and aggregating these items for the refund application.