I am exporting goods on 0 .1% gst payment.
now can I avail input goods at 0.1% rate from my supplier?
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GST on export
Replies (4)
under which notification you are paying GST at the rate of .1 percent. I don't know about this notification.let me know more about it
good clarification and information
Dear Saud
if you are supplying goods to Merchant Exporter in terms of Notification No. 41/2017--Integrated Tax (Rate) , then yes, you can avail ITC on your Inward supply .
Note. : As per Section 17(2) ITC is to be reversed when the outward supply is Exempted ,But supply made to Merchant Exporter @ 0.1% do not fall under the definition of Exempted Supply .
Hence you avail ITC on your inward supply
if you are supplying goods to Merchant Exporter in terms of Notification No. 41/2017--Integrated Tax (Rate) , then yes, you can avail ITC on your Inward supply .
Note. : As per Section 17(2) ITC is to be reversed when the outward supply is Exempted ,But supply made to Merchant Exporter @ 0.1% do not fall under the definition of Exempted Supply .
Hence you avail ITC on your inward supply
thank you...
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