We raise sell invoice to railway under SAC code 995461@12% and purchase through HSN Code 73082011@18%. Can we claim refund under inverted tax structure of accumulated credit. We are filling return on monthly basis. How we have filed refund application (Monthly and Quarterly.)

Reply:If your input tax credit is more than the output tax, you are eligible to claim refund under inverted duty structure. It seems from your query that you  issue invoice for material under SAC. In case of supply of service there is rare chance of excess ITC. You can claim refund for a return period and it can be for a quarter or for a full financial year.