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of <h1>West Bengal Fabric Exporters Eligible for ITC Refund on GST Paid on Inputs, Excluding Capital Goods, Since 2017.</h1> The circular clarifies the refund eligibility of unutilised input tax credit (ITC) of GST paid on inputs for manufacturer exporters of fabrics in West Bengal. Under the WBGST Act, 2017, refunds of unutilised ITC are generally restricted except for zero-rated supplies or when input tax rates exceed output tax rates. Based on GST Council recommendations, a notification was issued restricting refunds for certain goods. However, this restriction does not apply to zero-rated supplies, such as exports. Therefore, fabric manufacturers exporting goods are eligible for ITC refunds, excluding GST paid on capital goods, effective from November 16, 2017.
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