Goods and Services Tax

refund of capital goods under inverted duty

Goods and Services Tax – Started By: – satbir singhwahi – Dated:- 13-8-2018 Last Replied Date:- 29-8-2018 – Sirdepartment has paid refund for inverted duty structure for july 17, which includes refund on capital goods. How to rectify in books .Pls guide the procedure. – Reply By satbir singhwahi – The Reply = Sirpls guide – Reply By Yash Jain – The Reply = Sir,First of all inverted duty refund should be taken only against raw material/stores used in production of such goods. Refund of ITC paid

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