Question 20 - Presently under Central law, exporters are allowed to obtain duty paid inputs, avail ITC on it and export goods upon payment of duty (after utilizing the ITC) and thereafter claim refund of the duty paid on exports. Will this system continue in GST?
FAQ on GST dated 21.9.2016 based on Draft Model GST Chapter 14 Refunds
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Zero rated exports permit refund of input tax and tax paid on exported goods under GST. Exports are treated as zero rated under GST so exported supplies do not bear ultimate tax incidence while inputs may be tax paid; refunds are allowable on the accumulated input tax attributable to export supplies and on tax paid on exported finished goods, thereby preserving relief for exporters.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Zero rated exports permit refund of input tax and tax paid on exported goods under GST.
Exports are treated as zero rated under GST so exported supplies do not bear ultimate tax incidence while inputs may be tax paid; refunds are allowable on the accumulated input tax attributable to export supplies and on tax paid on exported finished goods, thereby preserving relief for exporters.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.