Login | Register
GST Library
Find Consultants & Professionals
Launch Your Own Website @ 599/- p.m.
Buy Premium Tax Domains
YouTube Videos
Twitter
About Us
Contact Us
Our Services
TaxReply India Pvt Ltd
Print (Download)

GST Inverted Duty Refund Calculator
(New formula w.e.f. 5th July 2022)

Particulars Turnover GST
ITC on Input Goods -
ITC on Input Services -
ITC on Capital Goods - -
Inverted Turnover (0.1%)
Inverted Turnover (3%)
Inverted Turnover (5%)
Inverted Turnover (12%)
Inverted Turnover (18%)
Total Inverted Turnover
Total Turnover -


☒ Clear all filters
Result:
New formula as per Rule 89(5)
(W.e.f. 5th July 2022)#

# Revised formula is applicable prospective, i.e. only for applications filed on or after 05.07.2022. This formula is not applicable for applications filed before 05.07.2022. Pl refer Circular No.181/13/2022 dated 10.11.2022 for more details.


Maximum Refund Amount = {(Inverted Turnover) x ITC on Input Goods ÷ Total Turnover} - {Output Tax on Inverted Turnover x (ITC on Input Goods ÷ ITC on Input Goods and Input Services)}

= {() x ÷ 1} - {0 x ( ÷ 1)}

= 0 - 0

Maximum Refund
₹ 0
Best-in-class
Digital GST Library
Plan starts from
₹ 5,000/-
(For 1 Year)
Checkout all Plans
Unlimited access for
365 Days
✓ Subscribe Now