https://www.taxtmi.com/forum/issue?id=113864 Exporters who buy cars locally and export them can accumulate unutilized compensation cess input tax credit; the residual refund formula prorating refundable ITC by zero-rated turnover against adjusted total turnover can sharply limit refundable cess, while administrative guidance and a departmental circular clarify that a statutory refund route exists and that exporters should pursue refund procedures with their jurisdictional office. en-us Thu, 14 Jun 2018 13:12:09 +0530 Thu, 23 Jan 2025 15:55:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113864 Exporters who buy cars locally and export them can accumulate unutilized compensation cess input tax credit; the residual refund formula prorating refundable ITC by zero-rated turnover against adjusted total turnover can sharply limit refundable cess, while administrative guidance and a departmental circular clarify that a statutory refund route exists and that exporters should pursue refund procedures with their jurisdictional office. Discussion-Forum GST Thu, 14 Jun 2018 13:12:09 +0530 https://www.taxtmi.com/forum/issue?id=113864