Itc laps

ITC / Input 344 views 5 replies
sir,
it is true all credit ITC laps before 31/07/18 in Textile industry.

Regards,
Replies (5)

NO NOT AS SUCH 

yes...but there is no any notification regarding it
Yes there is notification 20/2018 CT (R) St. 26/7/2018

yes ITC lying unutilized will be laps before 31/07/2018, means you cannot c/f the same to 1/8/2018
As from 1/8/2018 the textile industry is liable to take refund under Inverted Tax Structure for unutilized ITC
Well explained Pankaj sir....
Thanks Vinod Ji


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