Excess Gst input credit
Anil Lahoti (88 Points)
20 February 2018
In Textile’s excess balance in electronic credit ledger is non refundable. It is accumulated due to 12 gst on raw materials
Anil Lahoti (88 Points)
20 February 2018
sujith kumar dasa
(banglore)
(1496 Points)
Replied 20 February 2018
Dhananjay saraf
(Chartered Accountant)
(254 Points)
Replied 21 February 2018
Sl. No. Process Refund Allowed or not Remarks
1. Textile Fabrics No Refund Notification no 05/2017 (Central Tax)
2. Textile Processing Refund allowed
3. Apparels Refund allowed
Refer attached article for better understanding
Anil Lahoti
(88 Points)
Replied 21 February 2018
Dhananjay saraf
(Chartered Accountant)
(254 Points)
Replied 21 February 2018
No treatment under GST.
Sunk cost which you can write off in P&L at end of every financial year
Anil Lahoti
(88 Points)
Replied 21 February 2018
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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