Sir we have received duty drawback 1.5% on export of our manufactured product. And also we are availing input tax credit of raw materials purchase. Such ITC available excess. Shall I apply for refund of GST?
Thanks in advance.
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gst ITC eligible or not?
Replies (1)
if export is up to sep and with higher drawback rate gst refund /itc credit not possible as per rule. but can challenge the provision through litigation but a lengthy cumbersome. few months back the drawback rule. was amended where for itc credit no discrimination in draw back rate
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