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=60825 Clarification states that refunds of unutilized input tax credit for manufacturers exporting specified fabrics are allowable despite a notification restricting refunds under clause (ii) of the proviso to subsection (3) of section 54, because that restriction does not apply to zero-rated supplies (exports and SEZ supplies). Subject to subsection (10) of section 54, input tax credit on inputs (excluding capital goods) used to manufacture exported fabrics is eligible for refund; the circular is clarificatory and follows the Central Circular with para materia changes. en-us Mon, 25 Mar 2019 00:00:00 +0530 Tue, 07 May 2019 14:25:00 +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=60825 Clarification states that refunds of unutilized input tax credit for manufacturers exporting specified fabrics are allowable despite a notification restricting refunds under clause (ii) of the proviso to subsection (3) of section 54, because that restriction does not apply to zero-rated supplies (exports and SEZ supplies). Subject to subsection (10) of section 54, input tax credit on inputs (excluding capital goods) used to manufacture exported fabrics is eligible for refund; the circular is clarificatory and follows the Central Circular with para materia changes. Circulars GST - States Mon, 25 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60825