TaxTMI 
TaxTMI 
Can we make claim for gst refund for capex as we are a 100% export unit in addition to the depreciation that we are claiming.
Regarding gst refund
23 Jun 2019 
3 Replies 
923 Views Asked by
Input tax credit restriction prevents refund of GST on capital goods when depreciation claimed on the tax element under income tax.
A registered person who has claimed depreciation on the tax component of capital goods under the Income-tax Act cannot claim input tax credit or refund on that same tax component under GST; the tax component is excluded from ITC where depreciation has been claimed, preventing a double benefit. (AI Summary)
A registered person who has claimed depreciation on the tax component of capital goods under the Income-tax Act cannot claim input tax credit or refund on that same tax component under GST; the tax component is excluded from ITC where depreciation has been claimed, preventing a double benefit. (AI Summary)