TMI BlogGST input adjustmentX X X X Extracts X X X X X X X X Extracts X X X X ..... SIR After the implementation of GST I will be having GST input balance, as my finished product rate is less than the input GST rates. What option do I have 1 refund of input lying balance 2 a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... djusting the same in the products where there is a reverse charge , like buying from Farmers and further sell the same. Tnx for the reply in advance Arun - Reply By Himansu Sha - The Reply = Rever ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se charge is not output tax. Refer sec 2(82) . Utilising credit for payment of tax on reverse charge may not be allowed sec 49(4) - Reply By arun aggarwal - The Reply = Sir What about the refun ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d option? Arun - Reply By MARIAPPAN GOVINDARAJAN - The Reply = If input tax credit is in excess in the credit ledger, the only way is to get refund. It cannot be adjusted against future payments. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... This is my view. - Reply By ajay sharma - The Reply = stock input kese le skte hai sir ji - Reply By Himansu Sha - The Reply = Please wait some days. The option of refund may be clearest because ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... act has a provision. I am not sure - GST input adjustment - Query Started By: - arun aggarwal Dated:- 5-6-2017 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Shar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.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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