Due to raw cotton in section 9(3) and liable to pay RCM.
We have accumulated 25+ lakhs in sgst only.
Most of the sale is in local. Inspite of having reserve, we will be required to pay cgst this month because sgst not utilised by cgst and vice versa.
Is there any way, we can take refund/ get that amount back on out bank account to use it as the financial year ended in march2018....
CAclubindia
