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TMI BlogITC accumulated due to inverted tax structure against supplies @.1%X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 . - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply By SHARAD ANADA - The Reply = Refer Circular No. Circular No. 37/11/2018-GST Dated the 15th March, 2018 para 13 - Reply By SHARAD ANADA - The Reply = 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 - Reply By DR.MARIAPPAN GOVINDARAJAN - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The Reply = I endorse the views of Shri Sarad. - Reply By YAGAY andSUN - The Reply = We also endorse the views of our experts. - Reply By KASTURI SETHI - The Reply = Sh.Sharad Anada is really hard worker. He infuses life into his reply. - Reply By MohanLal tiwari - The Reply = Thanks Mr Sharad, Could you please advise how to work out amount of refund in case of goods supplied to merchant ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... exporters @0.1%. - ITC accumulated due to inverted tax structure against supplies @.1% - Query Started By: - MohanLal tiwari Dated:- 19-1-2019 Goods and Services Tax - GST - Got 6 Replies - GST - Discussion Forum - Knowledge 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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