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GST REFUND ON FIXED ASSETS?

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33 Points Posted on 10 May 2021
My client exports bananas. If he wants to purchase fixed assets for his business, will he get GST refund of fixed assets?
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On 10 May 2021 at 22:06 Report
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UNEMPLOYED
80 Points Posted on 11 May 2021
No wil not get refund
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On 11 May 2021 at 00:58
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Chartered Accountant
24588 Points Posted on 11 May 2021
No GST refund will not be available for fixed asset
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On 11 May 2021 at 05:57
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354 Points Posted on 15 May 2021
Only inputs and input services are permitted so no refund on capital goods.
Still you might check for the eligibility of EPCG schemes under FTP as you are engaged in export business and if your fixed assets are purchased from outside.
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On 15 May 2021 at 17:35


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