We are a manufacturing company with Excise and VAT Regn. Now we have registered under GST also. We export goods as a trader also.
When we will buy goods post 01 Jul 17, for export as a trader, our supplier will charge us GST at applicable rate. To export these goods, can we take credit in our GST account and export the goods without paying GST as export is exempt. or
We have to claim refund of GST paid on purchased goods after submitting export documents.
Manufacturing Company Seeks Clarity on GST Credit or Refund for Exported Goods Amid Pending Rules and Procedures A manufacturing company, also engaged in trading and exporting goods, inquired about the Goods and Services Tax (GST) implications on exports. They sought clarity on whether they could claim GST credit on purchased goods for export or if they needed to seek a refund after exporting. Responses varied: one suggested claiming credit and refund due to simplified procedures, another noted that export procedures without GST payment were pending notification, and a third highlighted ongoing GST council meetings and the need to wait for finalized rules and tariffs. (AI Summary)
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