15 October 2022
My client is exporting goods to foreign country. I will be exporting without payment of GST thru LUT. I have gone thru so many articles, columns, post on Exports still i m confused because of ambiguity and hectic rules of Exports. I want clarity in this matter that -- I can claim the ITC on purchases of such goods as per regular course, Right? I wont have to claim for Refund of ITC on Purchase of such goods, correct?
19 October 2022
We are regularly filling gst returns therefore the ITC will be utilized against GST payable so there wont be any balance remaining of ITC. Even if there is any unutilised ITC it will be adjusted in the next month's return as general practice as per normal course, Regards
CAclubindia
