GSt refund
Sanjiv Rajpoot (3430 Points)
06 January 2019
if i am a service exporter and my supply covered in zero rated supply then can I claim of of ITC on capital goods
9 Replies
saurabh sawlani
(Self employed )
(2193 Points)
Replied 06 January 2019
@ mahendra kumar bagrecha, if possible also share notification regarding this matter.
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 06 January 2019
As per section 54 CGST , yes you can claim Refund
pritesh
(CA Final student)
(7101 Points)
Replied 07 January 2019
Yes you can claim itc.on zero rated supply.
MAHENDRA KUMAR BAGRECHA
(FCA)
(1402 Points)
Replied 07 January 2019
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.
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 07 January 2019
@ MAHENDRA KUMAR
QUERIST IS ASKING FOR ITC CREDIT NOT REFUND......
MAHENDRA KUMAR BAGRECHA
(FCA)
(1402 Points)
Replied 07 January 2019
without asking refund from the govt. for ITC used in making zero rated supplies, what is the use of taking ITC credits ...
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 07 January 2019
YES THATS A SEPARATE ISSUE,... BUT QUERIST IS INTERESTED IN CLAIMING ITC , NOT IN REFUND (CAN SETOFF AGAINST OUTPUT TAX LIABILITIES IN FUTURE
MAHENDRA KUMAR BAGRECHA
(FCA)
(1402 Points)
Replied 07 January 2019
I think i have misunderstood subject "gst refund"
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