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Laspe Working Treatment in Gst Refund

285 views 3 replies
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?
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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