Confessional rate for merchant export I.e. .10%

[SURYAKANT MITHBAVKAR]

If we purchase material on confessional rate for trading export can we eligible to take input credit of that GST I.e. .10%

[KASTURI SETHI]

Can be taken. It is my view.

[Kishan Barai]

Yea against LUT

[Ganeshan Kalyani]

Yes the credit is eligible.

AI Summary

Input tax credit available for purchases under concessional rate for merchant export, entitlement affirmed including under LUT. The document concludes that input tax credit is eligible for purchases made under a concessional tax rate for merchant export; entitlement to credit also applies where exports are effected against a Letter of Undertaking (LUT).