ITC accumulated due to inverted tax structure against supplies @.1%, Goods and Services Tax - GST

[MohanLal tiwari]

Dear Panelists,

We are supplying goods to indigenous customers including Indian railway as well direct exports and through merchant exporters. We have got huge ITC accumulated due to supplies of goods to Railway way parts (HSN 8607) and supplies to merchant exporters @.1%.

Kindly advise whether we should file claim for refund under Head " ITC accumulated due to inverted tax structure".

Posts / Replies

[SHARAD ANADA]

Refer Circular No. Circular No. 37/11/2018-GST Dated the 15th March, 2018 para 13

[SHARAD ANADA]

In case of supply to railway you are not eligible for refund of ITC accumulated due to inverted tax structure against supplies @.1%. Refer Notification 5/2017 CT (Rate) Dated 28-06-2017

 

[DR.MARIAPPAN GOVINDARAJAN]

I endorse the views of Shri Sarad.

[YAGAY andSUN]

We also endorse the views of our experts.

[KASTURI SETHI]

Sh.Sharad Anada is really hard worker. He infuses life into his reply.

[MohanLal tiwari]

Thanks Mr Sharad,

Could you please advise how to work out amount of refund in case of goods supplied to merchant exporters @0.1%.