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Archive: 05 August 2021

Posts in 05 August 2021

Basics of Inverted duty Refund under GST

August 5, 2021 5142 Views 0 comment Print

Inverted Duty Structure refers to a situation where the rate of tax on inputs being higher than the rate of tax on output supplies. In such a case, Input Tax Credit gets accumulated and registered person can claim refund. Section 54 of CGST Act, 2017 is the principal Section for claiming refunds. First proviso to […]

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