i hava a client who is importing papers and they will process and make them as text book and export
here the point is while importing they were paying gst and while expirting the goods were exempted. how can we claim the itc is it possible to claim
import hs code - 4802
export hs code - 4901
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Input tax credit urgent answer
Replies (2)
Quick Summary
Hi sir if export exempted goods it's falling under zero rated supply under sec 16 igst act
who's export of taxable or exempt of goods cover zero rated hence if u have any taxable outward supply u can adjust input which having credit ledger otherwise u can claim refund subject to conditions
who's export of taxable or exempt of goods cover zero rated hence if u have any taxable outward supply u can adjust input which having credit ledger otherwise u can claim refund subject to conditions
Thanq sirs.
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