Can I claim refund on gst on capital goods if not what.should i do?Or can we claim only on input goods or services.
Replies (3)
Quick Summary
This discussion clarifies that GST refunds on capital goods are generally not claimable. Refunds are typically limited to unutilised input tax credit (ITC) in two specific scenarios: zero-rated goods/services where no tax was paid, or when the tax rate on inputs is higher than on output supplies (excluding zero-rated/exempted goods). To provide more specific advice, further details about your business transactions are needed.