Refund of input tax credit: conditions and exclusions tied to notification-based benefits for export-related supplies. Amendments substitute rule 89(4B) and rule 96(10) to allow refund of unutilised input tax credit on zero-rated supplies where specified central notifications were availed by suppliers or claimants, and to restrict refund claims for integrated tax on exports where specified notification benefits were received, subject to a carve-out for capital goods under the Export Promotion Capital Goods Scheme; effective from publication of the corresponding central notification.
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Refund of input tax credit: conditions and exclusions tied to notification-based benefits for export-related supplies.
Amendments substitute rule 89(4B) and rule 96(10) to allow refund of unutilised input tax credit on zero-rated supplies where specified central notifications were availed by suppliers or claimants, and to restrict refund claims for integrated tax on exports where specified notification benefits were received, subject to a carve-out for capital goods under the Export Promotion Capital Goods Scheme; effective from publication of the corresponding central notification.
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