dear sir,
my client is firm having textile 12 percent yarn and sales only 5 percent. so balance 7 percent gst itc are around 2lakhs, how to claim and if goes to gst claim how there such itc 2 lakhs is reversed or automatic reverse , when will reserve before file of gst rfd 1a form or after ?
pls explain sir
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gst refund inverted duty structure
Replies (2)
actually the refund due to inverted tax structure application is not so easy to be filed you need to upload individual invoices....... sales as well as purchase in detail...... also you can claim the refund only within 2 years from the end of financial year..........
You have to File refund on the portal along with documents submission to the department for refund.
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