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Gst difference
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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Quick Summary
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
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
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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