I manufacture 2 Products with raw materials of 18% gst
One of 5407 hsn of 5% gst with no refund of ITC accumulation
Second of 5806 hsn of 12% gst with ITC refund
Then how will I get refund of ITC, if I produce 70% product of 5 gst and 30% of 12 gst
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ITC accumulated products
Replies (3)
the product which is used and no itc possible will add to your cost
for 70% of product with no itc 5% will get embeded in cost
and for 30% u can claim itc when paying your final output tax
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