Question ID :
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.
Nov 29 2019 12:00AM