I'm cotton (hsn: 5201) trader,
Can I claim refund of ITC?
I have more than 8 lakh in ITC.
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Refund of ITC
Replies (3)
No sir u can't claim refund
Refund of ITC would be available if u have Inverted Duty Structure as per Section 54
Inverted Tax structure is not available as he falling under HSN 5201,
for chapter 55-60 , as taxpayer dealing in goods falls under said chapter cannot claim refund
for chapter 55-60 , as taxpayer dealing in goods falls under said chapter cannot claim refund
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