Dear Professionals,
The exporter had made export from the manufacturing of goods from the stock left on 30.06.2017 and claimed drawback on higher rate during the month of July 2017 to September 2017.
My query is Exporter who have not filed CENVAT returns because his manufacturing was exempt goods and he has not file Trans-1 in which CENVAT portion credit was in his CGST electronic credit ledger. Then how the exporter shall get refund of the CGST and IGST in the compliance with sec 16(3) of CGST Act, 2017 for the goods manufactured from the stock of 30.06.2017 and my goods are on consumption basis.
With Warm Regards
J S Uppal
Advocate
Exporter Cannot Claim CGST/IGST Refund for Stock as of 30.06.2017 Due to Expired Trans-1 Filing and Section 18(2). An exporter inquired about claiming refunds for CGST and IGST on goods manufactured from stock dated 30.06.2017, having not filed CENVAT returns or Trans-1. An expert clarified that under Section 18 of the CGST Act, 2017, the exporter should have claimed input tax credit for stock held as of 30.06.2017 by filing Trans-1, which is now expired. Additionally, Section 18(2) restricts claiming credit for invoices older than one year. The expert concluded that the exporter cannot claim credit for the stock held as of 30.06.2017, and others in the forum agreed with this assessment. (AI Summary)
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