Refund of credit accumulated due to tax rate difference
Query (Issue) Started By: – Gorantla Bhaskar Rao Dated:- 9-12-2017 Last Reply Date:- 14-12-2017 Goods and Services Tax – GST
Got 4 Replies
GST
sir,
\nA party has filed application for refund of credit accumulated due to tax rate difference under GST. The party's inputs attract higher rate of duty than the rate of duty attracted on his output and thus he accumulated credit. Is he eligible for refund in cash under GST. As of now GST portal for refunds is not working and hence filed manually for sanction of refund. Is he eligible for the refund of the amount in cash even if he files manually. What is the time period for sanction of the same and under what provisions ? What<\/p>\n
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