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Inverted Duty Structure Refund Explained | GST Refund on Rate Cuts? | GSTguy
Everyone is talking about GST refunds under the Inverted Duty Structure… but do you really get a refund when GST rates are cut? 🤔 Here’s the clarity you need ⬇️ Refund applies only when input GST rate is higher than output GST rate. 👉 Example: Shampoo now taxed at 5% while raw material chemicals remain at 18% → refund possible ...
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