Hello. We manufacture plywood cases for packing. My INPUT GST is 28% but we sell under a code of 4415(4415: Packing cases, boxes, crates, drums and similar packings, of wood; cable-drums of wood; pallets, box pallets and other load boards, of wood; pallet collars of wood @ 12%)
we buy material for 1,00,000 and pay a gst of 28000
we sell our finished good after processing at 1,25,000 at a gst of Rs.15000(12%)
So there is a diference of 13000.We have been put to loss over the last 3months as we lose over Rs.4,50,000 every month and we are on the vergeofshutting down . Is there a way to get a refund from the governemnt.
CAclubindia
