I have a milk processing plant for which I was released a term loan just 3 days before GST and the project cost escalated due to GST which was implemented on 1st July 2017. Due to this my tax component shot up in lakhs.
1. Can I take a refund of the GST paid for machinery purchase?
2. My output is Packaged milk, curd, buttermilk, loose paneer etc for which there is no GST applicable as these are essential goods
3. What is the process for the refund Kindly help
Do let me know if any info is required
CAclubindia
