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can input credit of man made filament yarn be adjusted with any other good or service?
I have a textile manufacturing. I receive man made filament yarn which is taxed @ 18%. And make fabric which is taxed @ 5%. Under the same PAN I receive monthly rent on which I charge IGST. can i adjust the input tax credit for paying tax liability of rent. In textile we cannot take refund.If so under which heading. expert advice highly recommend.
Replies (1)
yarn is under 5402 hsn code
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