Will unutilized ITC at the end of the financial year (after introduction of GST) be refunded?
Question 4
Bill
Refunds
Faq On GST (2nd Edition) Dated 31.3.2017
Q 4. Will unutilized ITC at the end of the financial year (after introduction of GST) be refunded?
\nAns. There is no such provision to allow refund of such unutilized ITC at the end of the financial year in the GST Law. It shall be carried forward to the next financial year.
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