TMI BlogErroneously refund claimed on capital goodsX X X X Extracts X X X X X X X X Extracts X X X X ..... While 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t 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? - Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply By KASTURI 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2. There is no restriction. The re-credit is not hit by time bar limit as the date of taking credit originally/initially will be the relevant date in t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... his case. - Reply By suresh sathyamurthy - The Reply = Thanks for the reply - Erroneously refund claimed on capital goods - Query Started By: - suresh sathyamurthy Dated:- 18-10-2019 Goods and Ser ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vices Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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