Export-related input tax credit: certificate requirement for reuse of inputs in taxable supplies after exports. Where exports were made after availing input tax credit on inputs used in their manufacture, subsequent supplies of the goods must be used in manufacture and supply of taxable goods (other than nil rated or fully exempted goods) and a chartered accountant's certificate to that effect must be submitted to the jurisdictional commissioner of GST or an authorised officer within six months of the supply; no certificate is required if input tax credit was not availed on those inputs. The amendment also omits the words 'on pre-import basis' from the Explanation.
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.
Export-related input tax credit: certificate requirement for reuse of inputs in taxable supplies after exports.
Where exports were made after availing input tax credit on inputs used in their manufacture, subsequent supplies of the goods must be used in manufacture and supply of taxable goods (other than nil rated or fully exempted goods) and a chartered accountant's certificate to that effect must be submitted to the jurisdictional commissioner of GST or an authorised officer within six months of the supply; no certificate is required if input tax credit was not availed on those inputs. The amendment also omits the words "on pre-import basis" from the Explanation.
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 
