Question ID :
1. RM which we are purchasing is on GST 18% and our final product is tax free (our being feed supplement for animals). This has increased our purchase prise as earlier we were procuring RM against CST 2%. Can we claim input as refund as done with cloth manufacturers.
2. Or can we adjust GST input credit of RM mentioned in point no. 1 in our other GST liabilities arising out of sale of taxable products.
Oct 6 2018 12:00AM