My unit is new (operational in Feb - 24) and has ITC on account of plant and machinery in credit ledger. The nature of business is pharmaceuticals formulation it is under inverted tax structure i.e. ITC on input used is 18% and output is 12% (old GST ) / 5% (GST 2.0).
Can i claim for refund of the ITC on account of Plant and machinery in credit ledger? Please advice
 
			 
               
			 
              
 
							