Home Forum Goods and Services Tax - GST Month 11 2023 2023 (11) This
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INVERTED DUTY STRUCTURE - Goods and Services Tax - GSTExtract Respected sir, One of my clients manufacturing e-rickshaws where the rate of tax on inputs purchased is more than the rate of tax on outward supplies so the said taxpayer is eligible to get refund under inverted duty structure. And the taxpayer is also engaged to resale of batteries on which tax rate is 28% and also sale the same at the rate of 28%. Now my question is that when we calculate maximum refund amount as per rule 89(5) which figure will be considered as net input tax credit . Is there shown total input as raw materials purchased for manufacturing of e- rickshaws and batteries purchased for trading purpose or only considered raw materials purchased for manufacturing purpose .?
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