Gst on textile

No as you will avail input credit of rs 18.As you will avail the input credit then the net amount shall be the output tax which is payable to government which is NIL as per the above example.

Originally posted by : upasana gupta
	No as you will avail input credit of rs 18.As you will avail the input credit then the net amount shall be the output tax which is payable to government which is NIL as per the above example.

Mam.,

Any refund available for Textile Industry...?! or

Any Changes made refund rule to Textile Industry...?!

Originally posted by : Rajat Khanna
	No cash refund is available in GST. you can only avail ITC. and for ur eg. u better calculate 18 - 7.5 = 10.5 as your costing.

Why Sir...?

Why refund not available...?

Originally posted by : Rajat Khanna
	as per gst law govt will not pay back ur excess itc in terms of cash or kind. the only way available is in the form of ITC.

Mr. Rajat Khanna.,

This Conditions to All Business or any notified Businesses.....?

Thank You for Valuable reply Mr. Rajat Khanna...!

Any Proof or sections  note it......?