Question ID :
41052
GST refund on inverted duty structure
While Calculating GST Refund GST people are putting Adjusted sales value (Actual Sales-Sales of trading goods) Whether this is correct . In my opinion when goods traded are of same GST rate like Cloth/Shawl etc and Input is claimed at 5% and on
Sales 5% GST is paid then why this adjustment is required as it reduces Refund value too much
Posted by
Mahesh Kumar
on
May 21, 2021
Filed Under
GST
Answer ID :
81121
Yes. This is also evident from cir ular 125
Posted by
CA. SHILPI KATARIYA on
May 22, 2021
Answer ID :
81123
Refer Circular No. 125/44/2019 - GST .
Posted by
shalender kumar on
May 25, 2021