TMI BlogRefund under Inverted Duty StructureX X X X Extracts X X X X X X X X Extracts X X X X ..... Hey!! Mine is a pharmaceutical company wherein tax rate on outward supply is 12%. Also we manufacture on job work basis where outward tax rate is 18% . Nd input tax rate is 18%. So whether i am eligi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ble for inverted duty structure refund?? - Reply By CSSANJAY MALHOTRA - The Reply = Yes, you are eligible for Inverted structure refund but limited to your turnover from pharma clearances and not in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... respect of job work revenue. Inverted structure refund is available where duty on Input is more than Duty on finished product. - Reply By YAGAY and SUN - The Reply = Refund on Inverted Duty Stru ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cture is allowed. - Reply By Riya Jain - The Reply = Sir In Gst refund form of inverted duty structure , it asks for turnover of inverted supply of goods, in that will only be 12percent will be tak ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... en or 12% and 18 both turnover. Also if only 12% turnover is to be taken, then it becomes contradictory with gst usermanual where it says u have to input the sales as mentioned in column 3(1) (a) of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gstrb . So what do in such case please suggest. - Refund under Inverted Duty Structure - Query Started By: - Riya Jain Dated:- 31-5-2018 Goods and Services Tax - GST - Got 3 Replies - GST - Discuss ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion Forum - Knowledge Sharing, 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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