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TMI BlogRefund of ITC on purchase of goods other than exportersX X X X Extracts X X X X X X X X Extracts X X X X ..... Refund of ITC on purchase of goods other than exporters X X X X Extracts X X X X X X X X Extracts X X X X ..... charged at the rate lower than the tax paid on the input of goods and services. Now my question is how to claim the refund of the excess ITC showing in the electronic credit ledger.. Please give your valuable views. Thanks & Regards J.S.Uppal Tax Consultant Reply By Gorantla Bhaskar Rao: The Reply: Dear querist You can claim such amount under Refund on account of inverted tax structure an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d you have to file the claim with your jurisdictional office by following the prescribed procedure. Reply By Mahadev R: The Reply: Yes. Refund of inverted duty structure possible under Section 54. Reply By SHARAD ANADA: The Reply: Refer sec 54(3)(ii) (ii) where the credit has accumulated on account of rate of tax on inputs being higher than the rate of tax on output supplies (other than nil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rated or fully exempt supplies), except supplies of goods or services or both as may be notified by the Government on the recommendations of the Council: So you eligible for refund of ITC accumulated of goods only and not of ITC accumulated of input services and capital goods. Rule 89(5) has been amended as on 13.06.2018 with retrospective effect. As per amended rule ITC for refund covers only I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TC on goods. X X X X Extracts X X X X X X X X Extracts X X X X
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