GST refund on textile

SAUD AHMED (Student CA IPC / IPCC) (72 Points)

29 July 2018

please let me know
whether gst shall be refunded on earlier purchase too or from now onward ...and when to apply for refund?
thank you

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4 Replies

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 29 July 2018

As per Notification 20/2018 CT (r)

Refund is applicable from 1/8/2018 onwards Under inverted tax structure

SAUD AHMED (Student CA IPC / IPCC) (72 Points)
Replied 29 July 2018

What about earlier accumulated ITC?

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 29 July 2018

Can't claim ITC before 31/07/2018 ... will be lapse as clearly notify in Notification 20/2018CT (r)

SAUD AHMED (Student CA IPC / IPCC) (72 Points)
Replied 29 July 2018

thank you sir

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