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%

AI Summary

Eligibility of Claiming GST Input Credit for Materials Purchased at 0.10% Rate for Trading Export Discussed A discussion on a forum addressed the eligibility of claiming input credit on GST for materials purchased at a concessional rate of 0.10% for trading export. The initial query questioned whether input credit could be claimed under these circumstances. Three responses followed: one participant affirmed that input credit could be taken, another agreed but specified that it should be against a Letter of Undertaking (LUT), and the third also confirmed the eligibility of claiming the credit.