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
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