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
📋
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
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.
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.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.