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TEXTILE WEAVING VAT Releted
hello I m weaver,manufacturing of grey fabrics ,I was pay 5% Vat on my raw material,now I will get this ITC on selling side GST??
Replies (2)
Yes u will get itc on cl. Stock if it is shown in ur vat return on gst appoint date
ITC will be restricted to 12% even if the total taxes paid on raw materials are above 12%, sources said.
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