Merchant exporters want to claim the benifit of concessional tax @ 0.1% as per the Notification No. 40/2017 - Central Tax( Rate)
in this case Merchant exporters supplying goods to the SEZ UNIT( a zero rated supply)
the above mentioned notification said we can claim benifit when we export the goods
so in this case Merchant exporters are eligible or not ??
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Merchant exporters
Replies (3)
In term of Rule 96(10) of CGST , the merchant exporter can claim refund for Unutilised ITC only when export is done without payment of Tax (with Lut or bond) .
Note :And also the Condition prescribed in Notification 41/2017 IGST (R) need be satisfied.
Note :And also the Condition prescribed in Notification 41/2017 IGST (R) need be satisfied.
Sir,
Thanks for the information but I want to know whether in the said notification export means physical export or supply through FTZ are also covered ??
Thanks for the information but I want to know whether in the said notification export means physical export or supply through FTZ are also covered ??
Yes in notification it' is mentioned "Export" not "ZERO-RATED supply".
Hence in case supply to SEZ , refund of Unutilised ITC is not available.
Hence in case supply to SEZ , refund of Unutilised ITC is not available.
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