Situation:- I am applying for gst refund( inverted duty structure)
Trading & Manufacturing in textile industry , in which we have to file lapse working for refund till july2018
My Question:- If any Refund pertaining for that period , i had to reverse it along with interest. At what rate of interest do i need to calculate interest?
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Laspe Working Treatment in Gst Refund
Replies (3)
18 percent
No need to reverse the ITC. You can utilise in future or may not utilise it at all
Interet is not applicable
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