REGARDING ALL INDIA INDUSTRAIL DRAWBACK FOR EXPORT

[Guest]

SIR GOODMORNING,

PLEASE NOTE WE ARE FOOTWEAR MANUFACTURING AT PRESENT WE AVAIL 9.5% PERCENTAGE OF DRAWBACK ON OUR EXPORT PROVIDED WE DONOT AVAIL THE INPUT CREDIT OF EXCISE AND SERVICE TAX BUT WE AVAIL THE CREDIT OF VAT AND GET REFUND .NOW ALL THIS THREE EXCISE ,SERVICE TAX AND SALES TAX ARE MERGED INTO GST, HOW WILL THE DRAWBACK WILL BE ISSUED ? FYKI AT PRESENT WE RECEIVE 9.5% DRAWBACK AND 1% STR FOR EACH EXPORT,KINDLY ADVICE HOW THEY DBK WILL BE ISSUED FROM JULY IST 2017.

AI Summary

All India Industrial Drawback under GST requires clarification on interaction with input tax credit and export refunds. Interaction between export drawback entitlement and the new Goods and Services Tax regime: footwear exporters historically received a notified drawback rate conditioned on not availing excise and service tax input credits while availing VAT credit and refunds. The query asks how that non availment condition and the existing drawback components will be calculated and issued once excise, service tax and sales tax are merged into GST.