Tag Archives: GST Refund

How to calculate refund for inverted duty structure in case of multiple inputs

By | January 5, 2019

Refer Circular No 79/50/2018 GST Dated 31st December 2018 : Clarification on refund related issues Product  GST Rate Value GST Total GST Output Y 12% 3000                                     360.00      360.00               Total GST on Output (b)        360.00           Product  GST Rate Value GST Total… Read More »

GST Refund of Assessment/Provisional assessment/ Appeal/ Any Other Order

By | November 7, 2018

Refund on Account of Assessment/Provisional assessment/ Appeal/ Any Other Order FAQs 1. Who can file the Refund Application on account of assessment/provisional assessment/ appeal/ any other order? Any person, including regular taxpayer, casual taxpayer, non-resident taxpayer or unregistered person, in whose favour an Assessment Order/Provisional Assessment Order/Appeal Order or any other Order entailing refund has… Read More »

Refund of provisionally accepted input tax credit under GST : 24th GST Council Meeting Decision

By | July 2, 2018

Refund of provisionally accepted input tax credit 24th GST Council Meeting held on 16 December, 2017 and taken following agenda and decision on Refund of provisionally accepted input tax credit under GST As per 24th GST Council Meeting Agenda item Agenda Item 3: Any other agenda item with the permission of the Chairperson Agenda Item… Read More »

GST refund of inverted duty structure : Formula Changed : Rule 89(5) CGST

By | April 21, 2018

GST refund of inverted duty structure Rule 89 (5) of CGST Rules prescribe formula for refund on account of inverted duty structure, Old formula of GST refund on account of  inverted duty structure Application for refund of tax, interest, penalty, fees or any other amount Rule 89 (5) of CGST Rules : In the case of… Read More »