18 June 2020
[18/06, 09:18] Kamalmrin: Goodmorning sir.. Need your guidance. One of my client is engaged in the business of manufacturing socks. He bought yarn @12% and output was taxed @5%. For FY 2017-18 and 2018-19, I applied for refund under inverted tax structure in January 2020 and refund was issued by GST deptt in Feb 2020. Last evening, I got call from gst officer that refund upto JUN 2018 was issued by deptt erroneously coz as per below notification refund from JUL 2018 onwards in allowed on knitted fabrics. Pls could you guide me how to proceed here. : Your guidance will help me proceed further as it could be difficult to explain the same to client and reverse the same by making payment to deptt
CAclubindia
