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harshad fulsundar   10 May 2021

GST REFUND ON FIXED ASSETS?

My client exports bananas. If he wants to purchase fixed assets for his business, will he get GST refund of fixed assets?


 3 Replies

geeta

geeta (UNEMPLOYED)     11 May 2021

No wil not get refund
Sourav

Sourav (Student)     11 May 2021

No GST refund will not be available for fixed asset
1 Like
Navin Agarwal

Navin Agarwal   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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