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Input refund
i am exporting vegitables.i have purchased certain capital goods for packing vegitables ,for that i paid input.since i am not collecting any gst..can i claim input paid on capital goods for refund..??
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Under GST, if you export vegetables under an LUT (without paying tax), you cannot claim a refund on the GST paid for capital goods, as the refund formula excludes them. To recover the input tax paid on your capital goods, you must export your goods by paying IGST and then claim a refund of that integrated tax.
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