dear sir.
please confirm whether we can claim the excess itc balance for capital goods credit.
also we are manifacturers of grey fabrics having itc credit of 12% on rm and 5% on fabrics sales
thanks
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Is capital goods credit eligible for inverted duty gst refund
Replies (3)
yes. you can claim
Please provide refernce of relevant section. i think we cannot claim
No, you are not allowed to take credit for Capital Goods and services as well.
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