GST REFUND ON FIXED ASSETS?

This discussion explores whether a business exporting bananas can claim a GST refund on purchased fixed assets. The general consensus is that GST refunds are typically only available for inputs and input services, not capital goods like fixed assets. However, it's suggested to investigate the Export Promotion Capital Goods (EPCG) scheme under the Foreign Trade Policy, particularly if fixed assets are imported, as this may offer an alternative route for eligible exporters.