Login | Register
GST Library
TaxReply Support
YouTube Videos
Twitter
Buy Premium Tax Domains
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
24
Apr
S
M
T
W
T
F
S
24 Apr

☑ Quarterly | GSTR-3B

GSTR-3B for the Quarter Jan - Mar 2025 (QRMP Taxpayers < 5 Cr - Rule 61) - Category II States.  

* State Category II - Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi.

25 Apr

☑ Half-Yearly | ITC-04

ITC-04 for the half year (Oct - Mar 2025) (For taxpayers > 5 Cr. Turnover) - Rule 45.

☑ Annual | ITC-04

ITC-04 for complete FY 2024-25 (For taxpayers <= 5 Cr. Turnover) - Rule 45.

28 Apr

☑ Monthly | GSTR-11

GSTR-11 for the m/o Mar 2025 (Statement of inward supplies by persons having Unique Identification Number (UIN)).

30 Apr

☑ Quarterly | QRMP

Last date for opt-in / opt-out QRMP Scheme for quarter Apr - June 2025 (Rule 61A)