Is there any option of Refund of GST in TEXTILES manufacturing business.

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82 Points Joined July 2017
I have surplus GST Credit as
Input YARN is @ 12% ,
Input SPARES PARTS @ 18% & 28% and
output FABRIC is @ 5%.

During the period from July till march I have paid RCM of transporters @ 5%.

Till date I have not claimed any refund.

My query is

1) Can I claim any refund of the excess GST paid ?

2) Can I claim refund of RCM paid during the year.

3) if no refund how to treat excess GST as on 31st March.
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On 08 March 2018 at 15:08 Report
Replies (22)
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Student CA Final
11857 Points Joined May 2015
Yes u can claim refund.... Under inverted duty structure... In which ur output tax liability rate is lower than input tax rate... File RFD01
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On 08 March 2018 at 15:14
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26 Points Joined April 2017
No refund is available for textiles see the notification and circular in August 2017
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On 08 March 2018 at 16:45
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Student CA Final
11857 Points Joined May 2015
Dear Rahul.... Restrictions of refund in that circular is only for fabric supply and not for other textiles... Refund is restricted for chapter no 50-55&60 and not for other supply
2 Reply
On 08 March 2018 at 17:02
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82 Points Joined July 2017
our product falls under chapter 60.
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On 08 March 2018 at 17:05
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Student CA Final
11857 Points Joined May 2015
Chapter 60 product refund is not allowed... Carry forward ur itc... At 31 st march it is under ur current asset
1 Reply
On 08 March 2018 at 17:09
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26 Points Joined April 2017
Can we write off in P&L unutilised credit..as it will be of no use to carry forward
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On 08 March 2018 at 22:20
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Student CA Final
11857 Points Joined May 2015
Why u have no use of unutilised ITC.. Carry forward atleast for one year... May be government allowed that in future.. Yes u can write off its in PL if u hv no use
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On 08 March 2018 at 22:34
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26 Points Joined April 2017
thank you
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On 08 March 2018 at 22:36
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Student CA Final
11857 Points Joined May 2015
Welcome sir😀😀😀😀
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On 08 March 2018 at 22:40
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802 Points Joined July 2017
under textile we manufacture of goods own place so in this case we have to file ITC 04?
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On 17 April 2018 at 20:07
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Student CA Final
11857 Points Joined May 2015
No need to file ITC 04 in that case
1 Reply
On 17 April 2018 at 21:31
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802 Points Joined July 2017
how long time will be carry forward our ITC related textile Chapter 50 to 55 and 60....
1 Reply
On 04 May 2018 at 15:33
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chartered accountant
34 Points Joined October 2013

hello sir, i

have same issue...i also want to w/off but any legal support behind w/off.

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On 22 May 2018 at 18:07
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Student CA Final
11857 Points Joined May 2015
If u can't claim as itc... Then it becomes ur cost... Write off in Profit and loss account
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On 22 May 2018 at 18:09


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