query
This query is : Resolved
18 October 2010
genarally input credit is available on tax paid onpurchases. but according to destination principle exports are not taxable. then how can a tax payer get credit incase of taxpaid on purchases. experts pilease give me explanation to destination princeple
19 October 2010
You can claim the refund for input tax.
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19 October 2010
The exporter purchases goods from various vendors and recives them at his factory. The destination is his factory. The credit is available to him. He processes and then consigns the goods outside India. Destination now outside India not liable to VAT/ CST.
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