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Refund of ITC

Vishal mandaviya

I'm cotton (hsn: 5201) trader,

Can I claim refund of ITC?

I have more than 8 lakh in ITC...

Trader Seeks ITC Refund for Cotton; Further Details Required to Assess Eligibility Under GST Conditions A trader dealing in cotton (HSN: 5201) inquired about the possibility of claiming a refund on Input Tax Credit (ITC), stating they have over 8 lakh in ITC. The response highlighted that the query was incomplete and requested further details, noting that there are numerous conditions that must be met to qualify for an ITC refund under the Goods and Services Tax (GST). (AI Summary)
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