Goods and Services Tax – Started By: – Sundaramoorthy Manickam – Dated:- 6-9-2017 Last Replied Date:- 8-9-2017 – My product contains raw materials which attracts 5%, and 18% GST. My Final product GST % is 5 only.Sized cotton/viscose warp – 18%Cotton weft yarn – 5%Final Product Saree with 85% cotton and other materiasl (HSN code 5208) is taxed at 5%.So finally ended up n making loss, any other way to overcome this problem? – Reply By MARIAPPAN GOVINDARAJAN – The Reply = You may consult with the consultant in this regards. – Reply By MADAN RAHEJA – The Reply = You can claim refund of accumulated credit arising on account of inverse tax structure under Section 54(3) of CGST Act. – Reply By PAWAN KUMAR – The Reply = Correct reply by Sh.Madan.Y
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