I have few products whose GST rates were 28% at time of purchase. Now the rate is reduced. How to sale those stocks at 12% now by making loss. Please help.
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GST rate deduction
Replies (2)
you can claim GST input tax credit refunds for difference of 16% (12-28)
Purchase at 28% and sale at less than 28% would lead to inverted duty structure. i.e., Input Tax rate is higher than supply Tax rate.
Go for refund under section 54.
Go for refund under section 54.
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