Goods and Services Tax – Started By: – DEEPAK SHARMA – Dated:- 28-3-2018 Last Replied Date:- 29-3-2018 – 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. – Reply By Ganeshan Kalyani – The Reply = law says if purchases / expense
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