dear to all,
my work oil industry i am purchase oil and packing material and sale but sale gst 5% and purchase packing material 18 % so my gst input every month increase. so get gst refund should be received or not pls sugeest me.
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Last Year Turnover In GSTR-1
Replies (18)
dear to all,
my work oil industry i am purchase oil and packing material and sale but sale gst 5% and purchase packing material 18 % so my gst input every month increase. so get gst refund should be received or not pls sugeest me.
YES MANDATORY
BUT IF U FORGET SO IT IS NOT A BIG ISSUE
FILE RETURN ON TIME
Dear Ghanshyam Giri
You cannot claim refund .
The excess ITC in books can be writeoff by transfering the same to Trading Acoount (Basically add to your cost of purchase)
You cannot claim refund .
The excess ITC in books can be writeoff by transfering the same to Trading Acoount (Basically add to your cost of purchase)
@ Mr. Ghanshyam.,
I think You can claim refund for the Unused ITC. Please go to contact Your circle office they can help in this regard... Also please refer this article under this link..... https://cleartax.in/s/refund-claims-under-gst-for-tax-and-itc
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