Refund Application of Accumulated ITC on Account of Sales Made to Exporter@ 0.10%

[NILESH PITALE]

Dear Expert

We are in Dealing of Goods Having GST Rate @18% and The same Goods we are selling to the Exporter @ 0.10%, Therefore There is Huge ITC Accumulated in our credit ledger,

Our Question : Can we apply for refund as per circular No Circular No. 125/44/2019 - GST dated 18.11.2019, Please Guide

AI Summary

Inverted duty structure allows refund of accumulated ITC on concessional supplies made to exporters.
Refund of accumulated input tax credit is available where goods are purchased at 18% GST and supplied to exporters at the concessional rate of 0.1%, creating an inverted duty structure. Such refund claims may be made under section 54(3) of the CGST Act, subject to Rule 89(5), the procedural framework in CBIC Circular No. 125/44/2019-GST, and the restriction that goods notified under the relevant rate notification are excluded.