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About refund

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lokesh K R

Accountent

61 Points Posted on 04 July 2020

we are garments manufacturers and supplied 95% domestic and 5% export, but we have more ITC in credit ledger, hence if I go as per with out payment of tax I will get less refund, and we have not supplied to SEZ units also.
so kindly get back to me how can I claim RFD of full amount, as per refund procedures

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Quick Summary

This discussion is for a garment manufacturer with significant Input Tax Credit (ITC) in their credit ledger. They are primarily a domestic supplier (95%) with minimal exports (5%) and no supplies to SEZ units. The manufacturer is seeking guidance on how to claim a full refund of their ITC, as current procedures seem to result in a reduced refund amount. They are looking for advice on the refund procedures to maximise their claim.