TMI BlogInverted Duty Structure RefundX X X X Extracts X X X X X X X X Extracts X X X X ..... Provision 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 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 Situation However in our situation there are outward supplies (Rates 5,12,18,28) and inward supp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lies (Rates 5,12,18,28) which are taxed at multiple rate of taxes and also the output liability is less than inputs(ITC). Question Kindly advise in my case the refund under inverted duty structure is valid? - Reply By KASTURI SETHI - The Reply = What are your products ? Have you composite supplies ? - Reply By KASTURI SETHI - The Reply = As per Section 54 (3)(ii) of CGST Act (ii) wher ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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 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 : In my view, you are entitled to refund claim provided you prove that in respect of some goods cleared by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... you, attracted lower rate on final products because of multiple tax rates. Further, in my view CMA's certificate can help you in this aspect. - Reply By Ranjith Reddy - The Reply = No we are not composite dealer, we are manufacture of Tractor and tiller products. - Reply By KASTURI SETHI - The Reply = My reply remains the same. However, I would like to mention here that 'Compositio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n Dealer' and 'Composite supply' are different terms. - Reply By SHARAD ANADA - The Reply = You are eligible for refund of duty inverted structure Please refer circular 79/53/2018-GST dated 31.12.2018 para 4 - Inverted Duty Structure Refund - Query Started By: - Ranjith Reddy Dated:- 7-8-2019 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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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