dear sir
my client is manufacturing nil rated products (eg education texts books)
and he had accumulated ITC paid on purchase of goods and services
can he file refund application for accumulated ITC ?
ITC is not available to nil rated goods supplier. so he cannot claim refund of the same.
No u cannot claim refund. it is available only for zero rated goods. in your case goods are nil rated which is different from zero rated.
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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Shaswat initial support private limited
Ahmedabad
CS
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