GSt refund


Sanjiv Rajpoot   06 January 2019

Sanjiv Rajpoot

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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

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MAHENDRA KUMAR BAGRECHA (FCA)     06 January 2019

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no you cannot claim.

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saurabh sawlani   06 January 2019

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

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Pankaj Rawat (GST Practitioner)     06 January 2019

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As per section 54 CGST , yes you can claim Refund

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pritesh (CA Final student)     07 January 2019

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Yes you can claim itc.on zero rated supply.

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MAHENDRA KUMAR BAGRECHA (FCA)     07 January 2019

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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

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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

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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 ... 

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Pankaj Rawat (GST Practitioner)     07 January 2019

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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

 

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MAHENDRA KUMAR BAGRECHA (FCA)     07 January 2019

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 I think i have misunderstood subject "gst refund" 


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