Purchase with gst but sale is without gst

16 June 2019
Hello all,
I have a query . in coming days we gonna have a deal which will be the sales of services to the SEZ (which is 0 rated tax) but our purchase is with the 18% of GST.
In such case refund get applied but it will take months to get that refund .
Due the differences in payment term with the vendor (from whom we purchase) and client(to whom will sale) our cash flow will get stuck .
I am really seeking a solution for this case other than refund process which will get months to get refund .
What businesses do in such cases. I mean how to survive ?
It will be a great help if I get a answer ASAP.
Thanks .

Arun Kumar Singh (Expert)

Click to Talk 16 June 2019
If you have purchase the goods with payment of duty and supply of services without payment of duty in such cases you can utilized these credit to pay duty with other supply of services or goods.

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

GST Live Class
Online GST Class    |    x