GST REFUND - INVERTED DUTY STRUCTURE.

[SAFETAB LIFESCIENCE]

Dear Experts,

We are eligible for applying refund of ITC accumulated in Credit Ledger. What is the current proceedure. We will submit RFD-01A by online and RFD-01 manually with required documents such as Form 1-A, Credit Ledger copy, filed returns copy etc. physically. We know the calculations of elegible refund also

My major question in this regard is, whether we have to upload all ITC taken INPUT invoices in GST portal (or) we have to upload ITC elgible invoices (i.e) Input invoices with 18% and 28% GST since our final product is of 12 % GST. Kindly guide us please.

[Abhishek Sethi]

Basis Notification No 74/2018- CGST, wherein updated form has been notified, it appears that only input invoices shall be uploaded (not input services or capital goods)

AI Summary

Company Seeks Guidance on GST Refund for Inverted Duty Structure; Clarification on ITC Invoice Submission Per Notification 74/2018-CGST. A company inquired about the procedure for claiming a GST refund due to an inverted duty structure, specifically regarding the submission of input tax credit (ITC) invoices. They plan to submit form RFD-01A online and RFD-01 manually, along with necessary documents. The main question was whether to upload all ITC invoices or only those with 18% and 28% GST rates, given their final product's 12% GST rate. A response indicated that, according to Notification No 74/2018-CGST, only input invoices need to be uploaded, excluding input services or capital goods.