Itc
This query is : Open
20 September 2017
ONGC purchases goods from a registered person,but the the dealer charges gst@5% on production of prescribed certificate by ONGC.The dealer had purchased the said goods @18% now he collect gst@5% from ONGC.Whether 13% is refundable to the dealer under gst or the ITC will be lapsed.
20 September 2017
Yes 13% is refundable to the dealer.
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