ITC refund under inverted duty
lokesh K R (Accountent) (61 Points)
03 December 2021
can I claim refund of itc accumulated due to inverted duty structure for manufacturers of readymade garments.
lokesh K R (Accountent) (61 Points)
03 December 2021
Rajendra Prasad
(Employee Private)
(887 Points)
Replied 03 December 2021
Legally, yes you can claim refund by filing RFD-01.
CA Altamush Zafar
(GST Consultant)
(11436 Points)
Replied 03 December 2021
Yes you can claim refund if the gst rates of inputs is more than the gst rate of outputs
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