Refund Of Unutilised Input Tax Credit Itc
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GST
www.cbic.gov.inperson may claim refund of unutilised input tax credit at the end of any tax period. A tax period is the period for which return is required to be furnished. Thus, a taxpayer can claim refund of unutilised ITC on monthly basis. Refund of unutilised input tax credit is allowed only in following two cases a) Zero rated supplies made without ...
Refund of Unutilised ITC GST
www.cbic.gov.inmay claim refund of unutilised input tax credit at the end of any tax period. A tax period is the period for which return is required to be furnished. Refund of unutilised input tax credit is allowed only in following two cases: a) Zero rated supplies made without payment of tax:-As per Section 16(3) of the IGST Act, 2017, a registered person
IN THE SUPREME COURT OF INDIA CIVIL …
main.sci.gov.in(iii) Section 54(3) does not restrict the entitlement of refund only to unutilised ITC which accumulated due is to the rate of tax on inputs being higher than the rate of tax on output supplies. It also allows for refund of unutilised ITC when the rate of tax on input services is higher than the rate of tax on output supplies ;