REGARDING CREDIT CLAIM UNDER LUT BASIS FOR THE GOODS ON WHICH CREDIT NOT CLAIMED Read more at: http

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This query is : Resolved

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This discussion clarifies whether Input Tax Credit (ITC) can be claimed for transportation and other expenses related to goods intended for export under a Letter of Undertaking (LUT). The consensus is that ITC is indeed claimable for such expenses, even if it wasn't claimed at the time of purchase or if the goods themselves are exempted. This also applies to incidental expenses associated with the purchase and sale of goods for export.

Suresh S. Tejwani

Suresh S. Tejwani (Querist)
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13 May 2023 WHETHER CREDIT CAN BE CLAIMED FOR THE TRANSPORTAION EXPENSE AND OTHER EXPENSE OF THE GOODS FOR WHICH CREDIT IS NOT CLAIMED ON PURCHASE AND TAX IS ALSO NOT PAID ON EXPORT OF SUCH GOODS.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 May 2023 Yes ITC can be claimed or refund of ITC can be claimed on export under LUT.

CA Altamush Zafar

CA Altamush Zafar (Expert)
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14 May 2023 ITC is available on purchase of goods meant for export even if they are exempted. ITC on Incidental expenses related to purchase and sales are also available where such exports are being made

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