Input tax credit and export-linked supplies: Uttarakhand amends GST notification to add certificate conditions and remove pre-import wording. A proviso was inserted requiring that goods supplied after exports made with input tax credit on inputs used for export manufacture be used in the manufacture and supply of taxable goods other than nil-rated or fully exempted goods, supported by a chartered accountant's certificate within six months of supply. No certificate is required where input tax credit was not availed on the inputs used for export goods. The words 'on pre-import basis' were omitted from the Explanation, with effect from 15 January 2019.
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.
Input tax credit and export-linked supplies: Uttarakhand amends GST notification to add certificate conditions and remove pre-import wording.
A proviso was inserted requiring that goods supplied after exports made with input tax credit on inputs used for export manufacture be used in the manufacture and supply of taxable goods other than nil-rated or fully exempted goods, supported by a chartered accountant's certificate within six months of supply. No certificate is required where input tax credit was not availed on the inputs used for export goods. The words "on pre-import basis" were omitted from the Explanation, with effect from 15 January 2019.
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 
