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Gst difference

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Assistant Manager
10 Points Posted on 10 August 2020
sir input on raw material is 18 % gst and finished good product it is 12% . I am doing job work . some company gives me order at fixed margin. but due to gst difference we are making loss of approx 6 % . please suggest how can we reduce gst margin?
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On 10 August 2020 at 23:06 Report
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229 Points Posted on 11 August 2020
Hello jitendra...
No u r not at all making loss
U can take refund for excess tax paid on inputs ie raw material under inverted duty tax structure
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On 11 August 2020 at 00:00
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Asst. Manager
216 Points Posted on 11 August 2020

You can apply online GST refund for duty inverted structure. you may find more it here https://gstindianews.info/gst-refund-process/

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On 11 August 2020 at 13:22

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