Refund of Inverted Duty

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....efund of Inverted Duty<br> Query (Issue) Started By: - THYAGARAJAN KALYANASUNDARAM Dated:- 11-7-2019 Last Reply Date:- 12-7-2019 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Dear Experts, ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....One of my clients selling specified goods to R&D Govt. Dept and charge @ 5% GST as per the notification no.45/2017 dated 14.11.2017 - Central Tax(Rate) whereas he purchases at higher rate of tax 12% &....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... 18%. Now, my query is that, will he be apply for refund u/s 54 of GST Act, for the un-utilized ITC and would be treated as Inverted Duty structure? Thanks in Advance. Reply By KASTURI SETHI: The R....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....eply: Answer is yes. Reply By Shilpi Jain: The Reply: Please note that refund would not be of the un-utilised ITC effectively for the reason that refind of input services and capital goods would no....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t be eligible. It is only w.r.t. the inputs. Though there are certain writs filed in this regard. Reply By KASTURI SETHI: The Reply: Re-examined the issue. I agree with the views of Shilpi Jain Ji.<....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....br> Discussion Forum - Knowledge Sharing ....