I am exporting goods on 0 .1% gst payment.
now can I avail input goods at 0.1% rate from my supplier?
4 Replies
Shweta Gupta
(Assistant Manager)
(224 Points)
Replied 03 August 2019
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
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 04 August 2019
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
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