2 Replies
CA P V N Varma
(CA )
(609 Points)
Replied 20 August 2018
Nothing but 0.5% p.m i.e 6% P.A interest will be given on Refund amount u/s 244A..
SUMIT BADYAL
(709 Points)
Replied 20 August 2018
thanks for reply.. please tell me if we manufacturing exempt good can be take input tax credit on purchase of raw material which is used to make a exempt good
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