Situation:- I am applying for gst refund( inverted duty structure)
Trading & Manufacturing in textile industry , in which we have to file lapse working for refund till july2018
My Question:- If any Refund pertaining for that period , i had to reverse it along with interest. At what rate of interest do i need to calculate interest?
3 Replies
CA Altamush Zafar
(GST Consultant)
(15986 Points)
Replied 22 February 2023
No need to reverse the ITC. You can utilise in future or may not utilise it at all
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