TaxTMI 
TaxTMI 
Erroneously refund claimed on capital goods
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....rroneously refund claimed on capital goods<br> Query (Issue) Started By: - suresh sathyamurthy Dated:- 18-10-2019 Last Reply Date:- 19-10-2019 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>W....
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....hile claiming refund on account of export erroneously refund has been claimed on capital input for the period 2017-18, now during the GST audit error is been found The company decided to refund the ....
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....erroneous claim After repaying the erroneous claim, can the company utilize capital input credit now for its future GST obligation. If there is restriction in claiming the capital credit now , is it....
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.... only on account of time bar or any other restriction, kindly clarify Reply By Himansu Sekhar: The Reply: Have you got the refund? The gst audit is by the deptt. Or your internal audit? Reply By K....
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....ASTURI SETHI: The Reply: Query-wise reply is as under: 1. Yes. The company can re-take credit after re-paying the amount of refund to the Govt. 2. There is no restriction. The re-credit is not hit by....
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.... time bar limit as the date of taking credit originally/initially will be the relevant date in this case. Reply By suresh sathyamurthy: The Reply: Thanks for the reply<br> Discussion Forum - Knowled....
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....ge Sharing ....