https://www.taxtmi.com/forum/issue?id=112852 Provided the output supply is taxable, input tax credit on purchases is available; integrated tax paid on import and CGST/SGST paid under reverse charge are eligible for credit. Recording such credit as ITC receivable in GSTR-3B after payment of RCM is procedurally acceptable when no set-off has been taken. A statutory limitation bars refund of ITC where the supplier avails duty drawback in respect of central tax or claims refund of integrated tax, so exporters must choose between paying IGST and claiming refund or exporting under LUT and claiming drawback, and reconcile or reverse ITC accordingly. en-us Thu, 21 Sep 2017 11:06:06 +0530 Thu, 23 Jan 2025 15:55:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112852 Provided the output supply is taxable, input tax credit on purchases is available; integrated tax paid on import and CGST/SGST paid under reverse charge are eligible for credit. Recording such credit as ITC receivable in GSTR-3B after payment of RCM is procedurally acceptable when no set-off has been taken. A statutory limitation bars refund of ITC where the supplier avails duty drawback in respect of central tax or claims refund of integrated tax, so exporters must choose between paying IGST and claiming refund or exporting under LUT and claiming drawback, and reconcile or reverse ITC accordingly. Discussion-Forum GST Thu, 21 Sep 2017 11:06:06 +0530 https://www.taxtmi.com/forum/issue?id=112852