if I m a school uniform manufacturer.
I pay gst as input tax @ 12 % on purchase of yarn.
and I collect gst as output tax @ 5% on sale of school uniforms .
then how this difference of 7% can be claimed as refund .?
please explain .
thanks in advance .
GST refund on school uniform
Replies (2)
Quick Summary
refund can be claimed of ITC under inverted duty structure
Yes refund can be claimed as it leads to Inverted duty structure
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