{"id":21617,"date":"2021-09-21T18:29:47","date_gmt":"2021-09-21T12:59:47","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=21617"},"modified":"2021-09-25T06:14:05","modified_gmt":"2021-09-25T00:44:05","slug":"refund-of-itc-on-account-of-inverted-duty-structure","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/refund-of-itc-on-account-of-inverted-duty-structure\/","title":{"rendered":"REFUND OF ITC ON ACCOUNT OF INVERTED DUTY STRUCTURE"},"content":{"rendered":"<p>IN CASE OF MINING INDUSTRIES (QUARRY BUSINESS), GST IS PAID ON RCM BASIS ON ROYALTY PAID TO GOVERNMENT FOR EXTRACTING MINERALS AT 18% AND AFTER PAYMENT ITC IS ALSO AVAILED IN GST RETURN. WHEREAS ALL SALES IS AT 5% LEADING TO ACCUMULATION OF ITC.<\/p>\n<p>Q1 &#8211; HOW TO CLAIM REFUND OF SUCH ACCUMULATED ITC MAINLY DUE TO RCM PAYMENT OF ROYALTY<\/p>\n<p>Q2 &#8211; WILL SUCH ITC AVAILED ON ROYALTY CLASSIFIED AS ITC ON INPUT SERVICE<\/p>\n<p>Q3 &#8211; THE SUPREME COURT HAS RECENTLY DISMISSED THE GUJARAT HC JUDGEMENT IN CASE OF VKC FOOTSTEPS INDIA &#8211;\u00a0 WHAT IS THE POSITION NOW.<\/p>\n<p>Q4 &#8211; ARE THERE ANY CHANCES THAT THE GST COUNCIL MAY AMEND THE RULE AND ALLOW GST REFUND ON ITC OF INPUT SERVICE ALSO IN CASE OF INVERTED DUTY STRUCTURE<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[340],"qa_category":[69],"qa_tag":[359,192,250],"class_list":["post-21617","qa","type-qa","status-publish","hentry","qa_expert-advocate-c-b-thakar","qa_category-gst","qa_tag-extracting-minerals","qa_tag-gst","qa_tag-refund"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/21617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=21617"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=21617"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=21617"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=21617"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=21617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}