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Alok Somani

Latest Posts by Alok Somani

Refund of GST ITC in case of Textile Industry (Inverted rated goods)

February 17, 2019 49641 Views 10 comments Print

As per rule 89(5) of CGST Rules, 2017, net ITC is meant to be the input tax credit availed on the inputs and reduction of amount of ITC lapsed from the ITC to arrive at amount of Net ITC is neither justified nor the intention of law.

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