Refund of GST

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....efund of GST<br> Query (Issue) Started By: - Kalyanasundaram Subramaniam Dated:- 26-7-2019 Last Reply Date:- 27-7-2019 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>Ours is an Association of flat owners. We collect maintenance charges from members. We pay various bills for flat maintenance of premises and these bills are with GST. We do purchase various items for use for maintenance and ....

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....here also we incur GST. Is there any provision to claim refund of the GST paid by us? If so, how? Reply By KASTURI SETHI: The Reply: You are talking about refund. It is not refund. It is ITC (input tax credit). ITC is allowed on repair and maintenance. ITC is also allowed on movable property i.e. water motor, electricity generator, movable furniture, taps, pipes and miscellaneous items (sanita....

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....ry fittings) etc. These are revenue expenditure. The availment of ITC is not hit by section 17(5)(d) of CGST Act. Pl. note that if there is any exempted service, proportionate credit is to be reversed under Section 17 (1) of CGST Act read with Rule 42 of CGST Rules. Reply By Kalyanasundaram Subramaniam: The Reply: To Mr Kasturi Sethi Thanks for your reply. However, as a layman I do not underst....

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....and what is meant by input credit as applicable for our association. Is there any monetary benefit to the Association that can be claimed by some means? Could you please elaborate? Thanks/Regard. S Kalyanasundaram Reply By KASTURI SETHI: The Reply: Under Section 54 (3) of CGST Act, refund is admissible only on two grounds:- 1. Export of service or goods or both 2. Inverted duty structure i.e....

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..... Input is on higher rate and final product is on lower rate and thus you are unable to utilize the credit. In the situation explained by you, thus no refund is admissible to you. After taking the credit you can only utilise in the course or furtherance of business. Reply By Kalyanasundaram Subramaniam: The Reply: Thank you very much for your prompt response. Regards. S Kalyanasundaram<br> D....

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