Basically we have manufacturers of fertilizers and traders and our out put tax is 5%, so in this case for manufacturing we by raw materials at 12%,18%, and 28%, for this difference tax can we claim GST refund under inverted tax structure
please clarify any one.
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GST refund under inverted tax structure
Replies (2)
Quick Summary
Yes you can claim refund in this, I have already did this for some clients. You can send your contact details on ca.ajaakarshjain16 @ gmail.com for taking help.
Yes, you can claim the excess amount of ITC via inverted duty structure.
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