Sandesh jain asked 5 years ago
Refund of ITC under inverted duty structure
As per section 54(3) refund of ITC on account of inverted duty structure is allowed.
Further government has notified that services mentioned in para b of clause 5 of Schedule II will not eligible for a refund on account of inverted duty structure.
my question is whether the refund is available in case of construction of road services
1 Answers
CA Venu Gopal Gella answered 5 years ago
In inverted duty structre the service provide can also avail the refund
Do note refund is restricted only on the Input Goods and Input SErvices
