Refund on a\c of ITC accu. due to Inverted Tax Structure
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 ?
18 September 2020 YES HE CAN APPLY FOR REFUND OF ITC UNDER THE INVERTED TAX STRUCTURE UNDER SECTION 54.