Clarification on refund of unutilized input tax credit of GST paid on inputs in respect of exporters of fabrics.

Clarification on refund of unutilized input tax credit of GST paid on inputs in respect of exporters of fabrics. https://www.taxtmi.com/circulars?id=57178 A manufacturer exporting fabrics is entitled to refund of unutilised input tax credit on inputs used in manufacture of exported fabrics, since the notification restricting refunds under the rate mismatch proviso does not apply to zero rated supplies (exports and SEZ supplies); the refund excludes input tax credit on capital goods and remains subject to the procedural conditions of the refund provision. en-us Wed, 07 Feb 2018 00:00:00 +0530 Mon, 16 Jul 2018 13:25:00 +0530 TaxTMI RSS Generator Clarification on refund of unutilized input tax credit of GST paid on inputs in respect of exporters of fabrics. https://www.taxtmi.com/circulars?id=57178 A manufacturer exporting fabrics is entitled to refund of unutilised input tax credit on inputs used in manufacture of exported fabrics, since the notification restricting refunds under the rate mismatch proviso does not apply to zero rated supplies (exports and SEZ supplies); the refund excludes input tax credit on capital goods and remains subject to the procedural conditions of the refund provision. Circulars GST - States Wed, 07 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57178