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

Particulars Amount
ITC on Input Goods
ITC on Input Services
ITC on Capital Goods
Inverted Turnover (5%)*
Inverted Turnover (12%)*
Inverted Turnover (18%)*
Inverted Turnover (28%)
Total Turnover


☒ Clear all filters
* Enter negative value, if sales return is more than sales. (Net Sales = Sales - Sales Return)
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)}

Maximum Refund
₹ 0
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25 Jun

☑ Monthly | PMT-06

PMT-06 Monthly tax payment for May 2024 under QRMP Scheme [Rule 61(1)(ii) - Proviso to Section 39(7)].

Taxpayers have a choice to pay tax either, as per -  

A) Fixed Sum Method OR 
B) Self assessment basis subject to interest on short payment of taxes.
(Notification No.85/2020 - CT)
 
28 Jun

☑ Monthly | GSTR-11

GSTR-11 for the m/o May 2024 (Statement of inward supplies by persons having Unique Identification Number (UIN)).