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ITC accumulated due to inverted tax structure against supplies @.1%, Goods and Services Tax - GST

Issue Id: - 114524
Dated: 19-1-2019
By:- MohanLal tiwari

ITC accumulated due to inverted tax structure against supplies @.1%


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Dear Panelists,

We are supplying goods to indigenous customers including Indian railway as well direct exports and through merchant exporters. We have got huge ITC accumulated due to supplies of goods to Railway way parts (HSN 8607) and supplies to merchant exporters @.1%.

Kindly advise whether we should file claim for refund under Head " ITC accumulated due to inverted tax structure".

Posts / Replies

Showing Replies 1 to 6 of 6 Records

Page: 1


1 Dated: 19-1-2019
By:- SHARAD ANADA

2 Dated: 19-1-2019
By:- SHARAD ANADA

In case of supply to railway you are not eligible for refund of ITC accumulated due to inverted tax structure against supplies @.1%. Refer Notification 5/2017 CT (Rate) Dated 28-06-2017

 


3 Dated: 20-1-2019
By:- DR.MARIAPPAN GOVINDARAJAN

I endorse the views of Shri Sarad.


4 Dated: 20-1-2019
By:- YAGAY andSUN

We also endorse the views of our experts.


5 Dated: 21-1-2019
By:- KASTURI SETHI

Sh.Sharad Anada is really hard worker. He infuses life into his reply.


6 Dated: 21-1-2019
By:- MohanLal tiwari

Thanks Mr Sharad,

Could you please advise how to work out amount of refund in case of goods supplied to merchant exporters @0.1%.


Page: 1

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