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Question ID : 40488

GST refund

A firm has not availed GST refund for F Year 2017-18 GST Balance as per Credit Ledger was around 125000- as on 31-3-18 Now GST Balance is around same figure as on 31-3-2019. That means no refund can be claimed for 2018-19 now as during 2018-19 Input as well as Output Tax is same appx This is case of Inverted duty structure.

posted by Mahesh Kumar on Nov 29 2019 12:00AM

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