My clients have purchase at rate of 12,℅ and sold good at rate of 5℅ the excess ITC gst increases in credit ledger.So can we claim for GST refund.
If yes.
So HOW..????
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ITC IN CREDIT LEDGER
Replies (2)
If the product you deals does not fall under
the rate notification 5/2017 as amended by 29/2017 & 44/2017 (both CGST rate notions) Then you can claim refund under Inverted Tax Structure
the rate notification 5/2017 as amended by 29/2017 & 44/2017 (both CGST rate notions) Then you can claim refund under Inverted Tax Structure
if product does not fall under notifications then you can claim refund
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