EXPORT SECOND HAND CAPITAL GOODS

[SHIV MISHRA]

Dear All,

I worked in manufacturing company. recently we export second hand machine which purchased pre GST regime,whether its required to reverse ITC utilised at time of purchase,if Yes than how much ITC to be reverse in such case.Can anyone provide GST rules on above issue.

AI Summary

Zero-rated supply of exported pre-GST capital goods does not require reversal of input tax credit.
Export of second-hand capital goods purchased pre GST does not require reversal of credit when exported post GST. Export under a Letter of Undertaking or as a zero rated supply is treated as duty paid and outside GST levy, and there is no transitional provision mandating reversal of pre GST cenvat credit into post GST input tax credit.