https://www.taxtmi.com/forum/issue?id=114041 Refund of IGST on import of capital goods is not available; taxpayers must claim Input Tax Credit on imported capital goods used for taxable supplies. Capital goods sent for job work permit credit to the principal manufacturer, subject to return within the prescribed period or else treated as supply with tax and interest. For fabric sales under inverted duty structure, an amendment restricts refund for specified fabric categories for supplies received after the cut off and provides that accumulated unutilised input tax credit may lapse; departmental clarification addresses removal of certain restrictions and claimability rules. en-us Tue, 14 Aug 2018 13:31:10 +0530 Thu, 23 Jan 2025 15:55:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114041 Refund of IGST on import of capital goods is not available; taxpayers must claim Input Tax Credit on imported capital goods used for taxable supplies. Capital goods sent for job work permit credit to the principal manufacturer, subject to return within the prescribed period or else treated as supply with tax and interest. For fabric sales under inverted duty structure, an amendment restricts refund for specified fabric categories for supplies received after the cut off and provides that accumulated unutilised input tax credit may lapse; departmental clarification addresses removal of certain restrictions and claimability rules. Discussion-Forum GST Tue, 14 Aug 2018 13:31:10 +0530 https://www.taxtmi.com/forum/issue?id=114041