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

Clarification Sought on GST Terms for Refund Claim: 'Turnover of Inverted Rated Supply,' 'Adjusted Total Turnover,' 'Net Input Tax Credit' A participant from SAFETAB LIFESCIENCE requested clarification on specific GST terms related to the GST RFD-01 A form. They sought definitions for 'Turnover of Inverted rated supply of goods,' 'Adjusted Total Turnover,' and 'Net Input tax Credit' to correctly compute a refund claim (Statement-1). They expressed difficulty in understanding these terms and requested assistance to proceed with their GST refund application.