GST ITC exemption for new export unit
This query is : Resolved
28 December 2019
Dear Sir
We are 100% Exporter and we starting our new pharma manufacturing unit in gujarat.
My question as below
1. Any rules for capital ITC exemption for 100% export unit.
2. Raw martial buy under 18% and Export under 12% and Capital ITC amount hung in our GST site which is increasing. Any rules for refund this amount.
Pls advise us.
We are 100% Exporter and we starting our new pharma manufacturing unit in gujarat.
My question as below
1. Any rules for capital ITC exemption for 100% export unit.
2. Raw martial buy under 18% and Export under 12% and Capital ITC amount hung in our GST site which is increasing. Any rules for refund this amount.
Pls advise us.
29 December 2019
2. Yes... You can claim refund for unused ITCs
1. can't understand Your question.
1. can't understand Your question.
30 December 2019
Thanks for reply
What is process for ITC refund. and under which section.
Pls give me details.
What is process for ITC refund. and under which section.
Pls give me details.
30 December 2019
Please see details through the link
https://tallysolutions.com/gst/gst-refund-process-rules/
https://tallysolutions.com/gst/gst-refund-process-rules/
31 December 2019
Thanks for link
but we have hung credit of capital ITC can we refund this also such process.
but we have hung credit of capital ITC can we refund this also such process.
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