Dear All,
We are manufacturing and supplying our products to Indian customers including Railways & defence and to foreign buyers. kindly clarify for the following issues:
1. Whether we can export the goods on payment of applicable IGST and get refund.
2. The ITC taken on inputs for manufacturing of goods for exports can be used for payment / adjustment of GST payable on other goods / service supplies.
3. Some of our products are falling under 8607 GST @ 5% but all the inputs for the same are procured @18%. Accordingly the ITC will get accumulated. Please advise what are the options to utilize the accumulated ITC.
Manufacturing Company Seeks Clarity on IGST Refunds and ITC Use in Export Process; Faces Delays in Refunds A manufacturing company inquired about the process of exporting goods and the application of Integrated Goods and Services Tax (IGST) and Input Tax Credit (ITC). They sought clarification on whether they could export goods with IGST payment and obtain a refund, use ITC on inputs for other GST liabilities, and manage accumulated ITC due to differing tax rates on inputs and outputs. Responses clarified that exports are zero-rated, allowing for IGST refunds, but ITC on CGST/SGST cannot offset integrated tax. Despite filing necessary documentation, the company faced delays in receiving IGST refunds and sought advice on expediting the process. (AI Summary)
TaxTMI 
TaxTMI 
