Refund on a\c of ITC accu. due to Inverted Tax Structure
This query is : Resolved
Quick Summary
17 September 2020
My client have business of making an utensils. He purchased Raw material of SS PATTA & SS CIRCLE at 18% and after processing sold utensils at 12%. My question is that he can apply for Refund of ITC ?
Lekhraj sood
(Expert)
18 September 2020
YES HE CAN APPLY FOR REFUND OF ITC UNDER THE INVERTED TAX STRUCTURE UNDER SECTION 54.
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