Is there any option of Refund of GST in TEXTILES manufacturing business.
Keshav Kakar (82 Points)
08 March 2018Input 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.