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Refund under Inverted Duty Structure
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....efund under Inverted Duty Structure<br> Query (Issue) Started By: - Riya Jain Dated:- 31-5-2018 Last Reply Date:- 1-6-2018 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Hey!! Mine is a phar....
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....maceutical company wherein tax rate on outward supply is 12%. Also we manufacture on job work basis where outward tax rate is 18% . Nd input tax rate is 18%. So whether i am eligible for inverted duty....
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.... structure refund?? Reply By CSSANJAY MALHOTRA: The Reply: Yes, you are eligible for Inverted structure refund but limited to your turnover from pharma clearances and not in respect of job work reve....
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....nue. Inverted structure refund is available where duty on Input is more than Duty on finished product. Reply By YAGAY and SUN: The Reply: Refund on Inverted Duty Structure is allowed. Reply By R....
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....iya Jain: The Reply: Sir In Gst refund form of inverted duty structure , it asks for turnover of inverted supply of goods, in that will only be 12percent will be taken or 12% and 18‰ both tur....
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....nover. Also if only 12% turnover is to be taken, then it becomes contradictory with gst usermanual where it says u have to input the sales as mentioned in column 3(1) (a) of gstrb . So what do in such....
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.... case please suggest.<br> Discussion Forum - Knowledge Sharing ....