Could we claim input credit on capital goods
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 January 2019
Dear sir,
please clarify: We are working In Ladies ready made Garment export company. We are exporting goods outside of India , under Under taking of Bond (LUT). I we claiming Duty draw back . could we claim gst Input credit on capital goods which are purchase from tax territory? .
please clarify: We are working In Ladies ready made Garment export company. We are exporting goods outside of India , under Under taking of Bond (LUT). I we claiming Duty draw back . could we claim gst Input credit on capital goods which are purchase from tax territory? .
Rajesh Kumar
(Expert)
12 January 2019
Yes. Now the drawback rates cover custom duty only, and hence all GST credit can be taken along with custom rate of duty drawback.
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