Goods and Services Tax – Started By: – Kishan Barai – Dated:- 18-7-2017 Last Replied Date:- 20-7-2017 – When a company pay Excess GST to government i.e at the time of purchase raw materials 18% GST & at the time of sale 5% GST recovered from Customer What are options available ??Can excess GST paid could be use to pay IGST at the time of Imports ?? – Reply By KASTURI SETHI – The Reply = In construction service, overflow of ITC will lapse. – Reply By Kishan Barai – The Reply = Thanks for replyingWhat about other then construction services ?? – Reply By KASTURI SETHI – The Reply = Actually in rates of GST for services against the construction service, the remarks, No refund of overflow of ITC have been given. When rate of input is higher
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