Scribd
Upload
17 views2 pages

GST Refund Calculation for Utkarsh Textiles

The document outlines the computation of a refund claim for Utkarsh Textiles due to an inverted duty structure for the period from April 2023 to March 2024. It details the total turnover, net input tax credit, and the final calculation of the refund amount, which totals to ₹3,77,132. The calculations include adjustments for various categories of supplies and tax credits.

Uploaded by

uniquecreation7112
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
17 views2 pages

GST Refund Calculation for Utkarsh Textiles

The document outlines the computation of a refund claim for Utkarsh Textiles due to an inverted duty structure for the period from April 2023 to March 2024. It details the total turnover, net input tax credit, and the final calculation of the refund amount, which totals to ₹3,77,132. The calculations include adjustments for various categories of supplies and tax credits.

Uploaded by

uniquecreation7112
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

UTKARSH TEXTILES

24AAHFU6049A1ZE
COMPUTATION OF REFUND TO BE CLAIMED
Statement 1A[Rule 89(5)]
Turnover of Inverted Tax Payable on Adjusted Total Net Input Tax Credit (4) Maximum Refund
Rated supply of such Turnover (3) Edit the net itc to exclude , amount to be
Goods(1) Inverted Rated the itc availed on input claimed
Supply of services and the itc of refund
Goods(2) claimed under rule 89(4A)
and (4B)
IGST
CGST
SGST 540015.512 9,17,147.42 377132
CESS 1,08,00,308.24 1,08,00,308.24
UTKARSH TEXTILES
24AAHFU6049A1ZE
REFUND OF EXCESS ITC DUE TO INVERTED DUTY STRUCTURE
FOR THE PERIOD APR 2023 TO MAR 2024
TOTAL INVERTED RATED SUPPLY
A TOTAL TURNOVER 1,08,00,308.24
LESS :
B TURNOVER NOT TO BE INCLUDED BY INVERTED DUTY RATED ‐
C ZERO RATED SUPPLIES ‐
TOTAL ‐
D NET TOTAL TURNOVER OF INVERTED RATE SUPPLIES 1,08,00,308.24

COMPUTATION OF ADJUSTED TURNOVER


A TOTAL TURNOVER 1,08,00,308.24
LESS :
B VALUE OF EXEMPT SUPPLIES(OTHER THAN ZERO RATED SUPPLIES) ‐
C DEEMED EXPORTS & ADVANCE AUTHORIZATIONS ‐
TOTAL ‐
D NET ADJUSTED TOTAL TURNOVER 1,08,00,308.24

SR NO. COMPUTATION OF NET INPUT TAX CREDIT CGST SGST IGST TOTAL
TOTAL INPUT TAX CREDIT FOR THE REFUND
A PERIOD 4,58,573.71 4,58,573.71 ‐ 9,17,147.42
LESS :

B ITC FOR THE SUPPLIES [email protected]% ‐ ‐ ‐ ‐


C ITC ON CAPITAL GOODS & SERVICES ‐ ‐ ‐ ‐
D ITC ON OTHER INPUTS ‐ ‐ ‐ ‐
E ITC OF EARLIER PERIOD ‐ ‐ ‐ ‐
F TOTAL(B+C+D+E) ‐ ‐ ‐ ‐
NET TOTAL ITC (A‐ F) 4,58,573.71 4,58,573.71 ‐ 9,17,147.42

SR NO. FINAL CALCULATION OF REFUND AMOUNT


A ITC OF INVERTED RATED SUPLLIES 4,58,574 4,58,574 ‐ 9,17,147
B OUTWARD TAX OF INVERTED RATE SUPPLIES 2,70,008 2,70,008 ‐ 5,40,016
NET REFUND AMOUNT(A‐B) 1,88,566 1,88,566 ‐ 3,77,132

You might also like