TaxTMI 
TaxTMI 
A WORKS CONTRACTOR HAS AN EXCESS BALANCE OF TAX ( INPUT TAX IS MORE THAN HIS OUTPUT TAX BECAUSE OF HIGH CEMENT CONSUMPTION AND STEEL) WHETHER HE IS ELIGIBLE TO GET REFUND FROM THE GST DEPARTMENT. PLEASE GUIDE ME TO GET THE REFUND
REFUND ON WORKS CONTRACT - INVERTED DUTY STRUCTURE
10 Dec 2021 
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Inverted duty structure refunds: works contractors can claim unutilized input tax credit where contract not covered by immovable-property exclusion.
Where a works contractor's input tax credit exceeds output tax under an inverted duty structure, refund eligibility turns on whether the supply is excluded by the Schedule II immovable-property treatment; the refund-exclusion notification targets that immovable-property category and does not automatically bar works contracts, which are separately classified, from claiming refunds under the statutory refund formula; administrative rulings have recognised refund relief for large works contracts to prevent cascading where ITC exceeds output tax. (AI Summary)
Where a works contractor's input tax credit exceeds output tax under an inverted duty structure, refund eligibility turns on whether the supply is excluded by the Schedule II immovable-property treatment; the refund-exclusion notification targets that immovable-property category and does not automatically bar works contracts, which are separately classified, from claiming refunds under the statutory refund formula; administrative rulings have recognised refund relief for large works contracts to prevent cascading where ITC exceeds output tax. (AI Summary)