Refund of input tax credit permitted for zero-rated exports when inputs obtained under specified notifications; EPCG capital goods excepted. The amendments revise refund eligibility: refunds of input tax credit for zero-rated supplies are allowed where inputs were received under specified state or central notifications or where specified customs benefits were availed, and include credit for other inputs/input services used in such exports. Separately, refund of integrated tax on exports is restricted where certain notification benefits have been availed, with an exception for capital goods received under the Export Promotion Capital Goods scheme.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Refund of input tax credit permitted for zero-rated exports when inputs obtained under specified notifications; EPCG capital goods excepted.
The amendments revise refund eligibility: refunds of input tax credit for zero-rated supplies are allowed where inputs were received under specified state or central notifications or where specified customs benefits were availed, and include credit for other inputs/input services used in such exports. Separately, refund of integrated tax on exports is restricted where certain notification benefits have been availed, with an exception for capital goods received under the Export Promotion Capital Goods scheme.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
