Sir, In our Firm, After GST We will Purchase the input @ 18% GST & sell the Product @ 5%GST so we will get the Credit of the 5% out off 18% but What about Remaining 13% input which we will paid excess..our HSN code is 8607 input credit not refund how to adjust remaining 13% gst.
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Gst input tax credit adjustment
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Dear Balraj u can apply for refund because u r case is eligible for refund, plz read section 16 of cgst act 17, u r case is relating to inverted tax structure and in this case u r eligible for refund claim. I hope u r doubt has been cleared.
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