Inverted Tax Utilization

Inverted Tax Utilization
Query (Issue) Started By: – DEEPAK SHARMA Dated:- 28-3-2018 Last Reply Date:- 29-3-2018 Goods and Services Tax – GST
Got 5 Replies
GST
Sir,
One is manufacturing normal products, where rate of tax on inputs and output is almost same, simultanously they manufacturing footwear where input tax rate is higher i.e. 18% and output tax rate is 6% it means its under inverted tax rate structure.
Is it possible to the taxpayer they can use spare tax accumulated on raw material of footwear to liability arised on normal products.
Thanks
Reply By KASTURI SETHI:
The Reply:
Yes. There is no restriction on utilisation in the situation explained. Even now refund is admissible but too many strings are attached.

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