ITC refund

laps mean you can show under expense head or can add to your purchase cost,..
because As per Notification 5/2017, textile dealer is not allowed to take ITC under Inverted Tax Structure, but the same being ammended by the notification 20/2018 , that he can take ITC under Inverted tax structure from 1/8/2018, so the accumulated ITC upto 31/7/2018 will be laps mean govt will not give refund for same