Refund calculation under inverted duty structure
Suresh P (3 Points)
22 October 2019
Tax payer importing fertiliser (taxed @ 5%) and made branch transfer to out of state by packing it in packing material(taxed @ 18%). Final product that is fertliser packed in packing material is taxed at 5%. In this scenario, whether the tax payer can be eligible for refund under inverted duty structure. If eligible what is procedure for calculation for exact refund.