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 .
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GST refund on school uniform
Replies (2)
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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