Reg.: GST Refumd
Query (Issue) Started By: – Yash Jain Dated:- 29-8-2018 Last Reply Date:- 11-9-2018 Goods and Services Tax – GST
Got 15 Replies
GST
Dear Sir/Madam,
We had exported goods as zero rated in FY 2017-18 against which we had accumulated significant ITC (input tax credit), in form of CGST and SGST.
But in FY 2018-19, due to strong domestic sales (inter state) we have utilized full ITC (CGST) portion , leaving us with balance of SGST only.
Now my question in this regard is as follows,
1. Can I claim CGST credit portion from SGST balance apart from SGST refund.
2.If I m not eligible for CGST refund from sgst portion, then can I apply for SGST portion atleast.
Please reply
Rgds
Reply By Ramaswamy S:
The Reply:
SGST can be utilised for payment of IGST.
SGST cannot be utilised for CGST.
Regards,
S.Ramaswamy
Reply By Yash Jain:
The Reply:
Dear Sir,
Thanks for the Reply.
But my query is that as to whether Can i Claim "ITC Refund" For SGST Only
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om my "SGST Input" .(Reason : As we can offset SGST Liability by IGST Input Or IGST Liability from SGST Input).
The main purpose of Claiming Refund is to convert Input into cash and Save CC Interest, please.
Reply By KASTURI SETHI:
The Reply:
Why you say IGST refund from SGST input specifically ? This is question is not correctly phrased.
Reply By KASTURI SETHI:
The Reply:
Read, "This question is not properly drafted".
Reply By Yash Jain:
The Reply:
Dear Sir,
I Regret for Inconvenience caused if any.
Sir, at Present in My Electronic Credit Ledger I only have SGST Input (My CGST & IGST Input are "zero").
But while making Exports Sir, I had procured Goods by Paying IGST. (At present My IGST Input is "Nil").
Now, In Offset Meachanism, Leaving Set Off of CGST and SGST among themselves, all other combination are permissible i.e Offsetting of
1. IGST Liability (by Way of IGST (First) + CGST (Second) + SGST (Third)) and similarly for
2.CG
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e exports, I Had procured the Goods under CGST and IGST say for ₹ 50.
So my Question is that whether from my SGST input of ₹ 100/- can I get Refund of CGST of ₹ 50/- .
The government has issued the Circular No.:349/21/2016-GST Dated 04th September,2018 were in vide para 3.2 (part b) (Page No.:2)
The abstract of the Circular is as under,
“3.2 After calculating the Least of three amounts, as detailed above, the equivalent amount is to be debited from the Electronic Credit Ledger of the claimant in the following order,;
a. Integrated tax to the extent of Balance Available
b. Central Tax and State Tax/UT Tax equally to the extent of the balance available and in the event of short fall in the balance available in a particular electronic credit ledger (say Central Tax), the differential amount is to be debited from the Electronic Credit Ledger, in this case”
Hence please inform us that whether I can claim CGST Input from my Available SGST Input Balance in Electronic
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