GST Refund of ITC accumulated due to Inverted Tax Structure (RFD-01A)
Refund of ITC accumulated due to Inverted Tax Structure (RFD-01A) 1. What is Inverted Tax Structure in the GST regime? The term ‘Inverted Tax Structure’ refers to a situation where the rate of tax on input received (i.e. Input tax credit received) is more than the rate of tax (i.e. the tax paid) on output… Read More »