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inverted duty refund on cloth, Goods and Services Tax - GST

Issue Id: - 118098
Dated: 4-8-2022
By:- satbir singhwahi
inverted duty refund on cloth

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Is their any change in calculation of inverted duty refund on sale of cloth. Service and capital goods ITC is to be deducted as before.

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Showing Replies 1 to 2 of 2 Records

1 Dated: 5-8-2022
By:- Ganeshan Kalyani

Yes there is a change in the calculation of refund in case of inverted duty structure.

2 Dated: 5-8-2022
By:- Amit Agrawal

Kindly refer to changes made in rule 89 (5) w.e.f. 18.07.2022 vide clause 8 (d) of NOTIFICATION NO. 14/2022–Central Tax dated 05.07.2022.

These are ex facie views of mine and the same should not be construed as professional advice / suggestion.


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