Question ID :
38169
Merchant exporter
my one client,(A) want to avail the benefit of concessional rate of .1 percent in purchase. But he has all purchase From his another company (X) . Another company has major sales to A . How the company X claims its ITC or used his ITC . Because his purchase GST 18% but sale gst .01% . Which refund form applicable for company X?
Posted by
DIVYA SHARMA
on
May 29, 2019
Filed Under
GST
apply refund under inverted duty structure
Posted by
CA JEET REWRI on
May 30, 2019
Answer ID :
76698
Only option is to claim refund. RFD-01A is applicable.
Posted by
CA. chunauti dholakia on
May 31, 2019
Answer ID :
76749
Can claim refund of ITC.
Posted by
SIVADAS CHETTOOR on
Jun 05, 2019
Answer ID :
76750
see answer to ID 38168
Posted by
SIVADAS CHETTOOR on
Jun 05, 2019