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 ?
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GST ITC REFUND
Replies (4)
ITC is not available to nil rated goods supplier. so he cannot claim refund of the same.
Yes , you can as your final product is Nil Rated , not Exempted
so can apply for refund under Inverted Tax Structure , file RFD 01a online on portal
so can apply for refund under Inverted Tax Structure , file RFD 01a online on portal
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.
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