Clarifications on Inverted Duty Structure Refunds

[Prabhakar Jebakumar]

Respected experts, the goods dealt by me comes under IDS category and I have make exports of Goods without payment of tax. I have to claim refund of unutilized ITC on inverted duty structure and also on account of zero rated exports. I have following doubts.

1. While claiming refunds, whether I need to claim for input invoices belonging to the particular relevant tax period or prior periods also but reflected in GSTR-2B of relevant tax period. Eg. Suppose I file IDS refund for March 2025. Some suppliers filed GSTR-1 for Feb 2025 belatedly so the invoices get reflected in March 2025 2B. Can I include the ITC in Net ITC calculation.

2. Whether I need to reduce turnover related to Zero rated supplies from IDS turnover as I have claimed refunds under zero rated category also. Including zero rated turnover in IDS refund calculation makes double benefit/refund

3. If I make exports with payment of tax and got refunds from custom department based on Shipping bills, whether I am eligible to refunds under zero rated and IDS category

4. IGST paid while importing inputs are also eligible to be included in Net ITC

5. Kindly clarify my doubts. will be grateful.

AI Summary

Refund of unutilized ITC: GSTR-2B inclusion allowed, zero-rated turnover excluded from IDS refunds.
ITC reflected in GSTR-2B for the refund period may be included in Net ITC; zero-rated turnover must be excluded from IDS refund working; IGST on imports is includible in Net ITC. Exports with IGST permit refund of IGST only and do not allow parallel IDS refund for the same portion. Capital goods ITC is excluded from unutilized ITC refunds for zero-rated supplies, and the same ITC cannot be claimed simultaneously under zero-rated and IDS routes in the same tax period.