Cash refund for itc overflow - under gst

Vikas Goyal (Self) (51 Points)

28 July 2017  

Hello, 

Footwear priced below Rs. 500/- are rated at 5% under GST and inflow of its raw material is at GST rate of 12% or 18%,   so there would be accumulation of ITC or overflow of ITC.

I want to ask: 
Is cash refund allowed here for ITC overflow under GST – for footwear industry?

Thank you.