Question 19 - Today under VAT/CST merchant exporters can purchase goods without payment of tax on furnishing of a declaration form. Will this system be there in GST?
Faq On GST (2nd Edition) Dated 31.3.2017 Chapter 14 Refunds
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Merchant exporters under GST must procure with tax paid and claim refund of unutilized input tax credit. Under GST merchant exporters cannot purchase goods tax-free by furnishing a declaration; they must procure goods on payment of tax and claim refund of the ... Summary
Merchant exporters under GST must procure with tax paid and claim refund of unutilized input tax credit.
Under GST merchant exporters cannot purchase goods tax-free by furnishing a declaration; they must procure goods on payment of tax and claim refund of the unutilized input tax credit through the refund mechanism provided under section 54(3) of the CGST/SGST enactments.
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