ITC & refund eligibility

This discussion examines whether Input Tax Credit (ITC) is eligible when importing broom on payment of IGST under the Reverse Charge Mechanism (RCM) and subsequently selling it domestically at a nil-rated tax. While some suggest ITC is available on a cash basis, others argue it's not permissible due to the nil-rated nature of the domestic sale, making it ineligible for ITC and subsequent refunds.