I. T. C in Textile

yes claim full ITC

Thank you

section 54(3)(ii)

[ii] where the credit has accumulated on account of rate of tax on inputs being higher than the rate of tax on output supplies [other than nil rated or fully exempt supplies], except supplies of goods or services or both as may be notified by the Government on the recommendations of the Council:



IT MEANS YOU CAN GET REFUND IF YOU PURCHASE AT HIGHER RATE AND SELL AT LOWER RATE YOU CAN GET REFUND OF INPUT

NOTE- IF YOU FULLY UTILIZE INPUT BY SELLING IN INDIA NOT OUTSIDE INDIA

IF YES THAN ANSWER WILL BE DIFFERENT

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how long time will be carry forward our ITC related textile Chapter 50 to 55 and 60....