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Inverted duty structure non taxable and raw material taxable
Is the manufacturing dealer dealing in cattle feed is eligible for refund under inverted duty structure as the finished product is tax free and raw material is taxable
Replies (3)
Quick Summary
No... Refund not available if suplies are exempted or Nil rate.
*ITC will be reversible...
*ITC will be reversible...
You have to reverse the ITC under section 17 (5)
What is your sales and purchase rate
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