I have a small Textile shop shall i eligible to refund the tax i have paid to wholesale dealer?
I have started a small Textile shop and registered and got gst number this month. Last month sales is around 30000. Shall i eligible to refund the tax i have paid to wholesale dealer.
If your wholesaler filed return then you can get refund for the same. If you have more ITC than liability on outward supply then you can get refund the same as per inverted duty scthe rule 89(5) of the CGST RULES, 2017. because the case falls under inverted duty structure.