A firm deals in readymade garments having 5% gst. Selling on amazon and amazon generates tax invoice of commission with 28% Gst that accumulates a lot in ITC.
Can we apply for refund?
If yes, in which head?
1 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(6235 Points)
Replied 29 January 2025
Yes, you can apply for a refund of the accumulated Input Tax Credit (ITC).
3. *Refund eligibility*: You're eligible for a refund under Section 54(3) of the CGST Act, 2017.
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