Refund of input tax credit: eligibility clarified where notified concessions were availed, with carve outs for EPCG capital goods. The amendments permit refund of unutilised input tax credit for zero rated supplies where inputs or services were received under specified state or central notifications, allowing refund for credit on notified inputs used for export and for other inputs or services to the extent used in such exports. They also disqualify claimants of integrated tax export refunds who availed specified notification benefits, except where those benefits relate solely to receipt of capital goods under the Export Promotion Capital Goods scheme.
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Provisions expressly mentioned in the judgment/order text.
Refund of input tax credit: eligibility clarified where notified concessions were availed, with carve outs for EPCG capital goods.
The amendments permit refund of unutilised input tax credit for zero rated supplies where inputs or services were received under specified state or central notifications, allowing refund for credit on notified inputs used for export and for other inputs or services to the extent used in such exports. They also disqualify claimants of integrated tax export refunds who availed specified notification benefits, except where those benefits relate solely to receipt of capital goods under the Export Promotion Capital Goods scheme.
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