Example: stock market
Refund Of Unutilised Itc
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CBEC-20/23/03/2020-GST Government of India Ministry of ...
www.cbic.gov.in4.2 Sub-rule (4) of Rule 89 prescribes the formula for computing the refund of unutilised ITC payable on account of zero-rated supplies made without payment of tax. The formula prescribed under Rule 89 (4) is reproduced below, as under:
Refund of Unutilised ITC GST - Central Board of Indirect ...
www.cbic.gov.inHowever, the GST Law permits refund of unutilised ITC in two scenarios, namely if such credit accumulation is on account of zero rated supplies or on account of inverted duty structure, subject to certain exceptions. As per Section 54(3) of the CGST Act, 2017, a registered person may claim refund of unutilised input tax credit at the end of any