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GSt refund


Sanjiv Rajpoot   06 January 2019

Sanjiv Rajpoot

 450 likes  3157 points

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if i am a service exporter and my supply covered in zero rated supply then can I claim of of ITC on capital goods

avater

MAHENDRA KUMAR BAGRECHA (FCA)     06 January 2019

MAHENDRA KUMAR BAGRECHA
FCA 
 40 likes  1397 points

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no you cannot claim.

1 Like

saurabh sawlani   06 January 2019

saurabh sawlani

 118 likes  1615 points

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@ mahendra kumar bagrecha, if possible also share notification regarding this matter.

2 Like
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Pankaj Rawat (GST Practitioner)     06 January 2019

Pankaj Rawat
GST Practitioner 
 3325 likes  44857 points

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As per section 54 CGST , yes you can claim Refund

avater

pritesh (CA Final student)     07 January 2019

pritesh
CA Final student 
 389 likes  7050 points

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Yes you can claim itc.on zero rated supply.

avater

MAHENDRA KUMAR BAGRECHA (FCA)     07 January 2019

MAHENDRA KUMAR BAGRECHA
FCA 
 40 likes  1397 points

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As per rule 89, Net credit means input tax credit availed on inputs and inputs services during the relevant period however does not includes ITC on capital goods therefore , ITC paid on capital goods may not be eligible for refund. It is my understanding. Please correct me if i am wrong.

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Pankaj Rawat (GST Practitioner)     07 January 2019

Pankaj Rawat
GST Practitioner 
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@ MAHENDRA KUMAR

QUERIST IS ASKING FOR ITC CREDIT NOT REFUND......

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MAHENDRA KUMAR BAGRECHA (FCA)     07 January 2019

MAHENDRA KUMAR BAGRECHA
FCA 
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without asking refund from the govt. for ITC used in making zero rated supplies, what is the use of taking ITC credits ... 

avater

Pankaj Rawat (GST Practitioner)     07 January 2019

Pankaj Rawat
GST Practitioner 
 3325 likes  44857 points

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YES THATS A SEPARATE ISSUE,... BUT QUERIST IS INTERESTED IN CLAIMING ITC , NOT IN REFUND (CAN SETOFF AGAINST OUTPUT TAX LIABILITIES IN FUTURE

 

avater

MAHENDRA KUMAR BAGRECHA (FCA)     07 January 2019

MAHENDRA KUMAR BAGRECHA
FCA 
 40 likes  1397 points

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 I think i have misunderstood subject "gst refund" 


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