REFUND OF CREDIT LEDGER CLAIM DUE TO INVERTED DUTY STRUCTURE
Query (Issue) Started By: – SAFETAB LIFESCIENCE Dated:- 26-9-2018 Last Reply Date:- 1-11-2018 Goods and Services Tax – GST
Got 2 Replies
GST
Dear Experts,
We have applied and refund received of ITC availed/accumulated in Electronic Credit Ledger for the periods
of Aug-2017, Sep-2017, Nov-2017 and Dec-2017 in Feb/March, 2018.
Now, GST officials informed us that the refund received by us against INPUT SERVICES is not elgible for refund as per Notification No. 26/2018 dt. 13.06.2018 retrospectively effect from 01.07.2017.
Is it true. What does 26/2018 says ???
Reply By Adarsh Gupta:
The Reply:
Yes, it is not allowed. This has been challenged in Gujrat High court..y
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