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Refund ITC on Zero Rated Supply
Refund of ITC filed for period July 2017 to March 2018 zero rated supply but export only in Oct 2017. Department says export only in Oct 2017 hence refund rejected. Is it correct.
Replies (3)
Yes .... refund on Unutilised ITC is pertains to Zero rated sale
Yes department is correct.
you can take only proportionate refund . only for october Month.
you can take only proportionate refund . only for october Month.
than how the definition of relevant period is applicable in refund application filed for Jul to Oct 2017 as per 14th amendment in Act.
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