Poonawalla fincorps
Poonawalla fincorps

Refund on a\c of ITC accu. due to Inverted Tax Structure

This query is : Resolved 
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(Querist)
17 September 2020 My client have business of making an utensils. He purchased Raw material of SS PATTA & SS CIRCLE at 18% and after processing sold utensils at 12%. My question is that he can apply for Refund of ITC ?
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Lekhraj sood

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Lekhraj sood (Expert)
18 September 2020 YES HE CAN APPLY FOR REFUND OF ITC UNDER THE INVERTED TAX STRUCTURE UNDER SECTION 54.
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dikshant

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dikshant (Querist)
18 September 2020 Okay. Thank you very much.
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