Input tax credit refund rules for zero-rated supplies and export refunds are revised with exemption-linked eligibility restrictions. The amendment substitutes rule 89(4B) to clarify refund of unutilised input tax credit for zero-rated supplies without payment of tax, including credit on inputs received under specified exemption notifications and credit on other inputs or input services used for export of goods. It also substitutes rule 96(10) to restrict refund of integrated tax paid on exports where specified exemption notifications have been availed, subject to an exception for capital goods under the Export Promotion Capital Goods Scheme.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit refund rules for zero-rated supplies and export refunds are revised with exemption-linked eligibility restrictions.
The amendment substitutes rule 89(4B) to clarify refund of unutilised input tax credit for zero-rated supplies without payment of tax, including credit on inputs received under specified exemption notifications and credit on other inputs or input services used for export of goods. It also substitutes rule 96(10) to restrict refund of integrated tax paid on exports where specified exemption notifications have been availed, subject to an exception for capital goods under the Export Promotion Capital Goods Scheme.
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