Tag «Inverted duty Structure»

GST refund on inverted duty structure

GST refund on inverted duty structure Inverted Duty Structure: – Inverted duty structure is a situation where in the inputs GST rate is more than the output or finished goods GST rate. For example in Type industry the GST rate on rubber type (output) is 5% and GST rate on natural rubber (inputs) is 10%. …

Refund Claim under GST

Refund Claim under GST GST Tax Refund means a refund of taxes by the Government that was paid by register person either in excess or was not liable to be taxed. Section 54 of the CGST Act, 2017, Section 77 of the CGST Act, 2017 and Rule 89(2) of CGST Rules, 2017 are the relevant …

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Tag «Inverted duty Structure»

GST refund on inverted duty structure

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Refund Claim under GST

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GST refund on inverted duty structure

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Refund Claim under GST

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