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Inverted duty structure non taxable and raw material taxable

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1 Points Posted on 11 July 2020
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
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On 11 July 2020 at 15:44 Report
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"Do the Right Thing...!!!"
128147 Points Posted on 11 July 2020
No... Refund not available if suplies are exempted or Nil rate.

*ITC will be reversible...
463 Reply
On 11 July 2020 at 16:05
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4215 Points Posted on 12 July 2020
You have to reverse the ITC under section 17 (5)
12 Reply
On 12 July 2020 at 06:28
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Paid Assistant
35 Points Posted on 12 July 2020
What is your sales and purchase rate
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On 12 July 2020 at 07:22


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