https://www.taxtmi.com/forum/issue?id=115484 Zero-rated supply status allows a registered exporter to avail input tax credit and to claim refund either under bond/Letter of Undertaking without payment of integrated tax or on payment with subsequent refund claims. However, the statutory refund calculation and the defined concept of net ITC confine refundability to credits on inputs, excluding accumulated credit on capital goods; therefore accumulated ITC on capital assets is not eligible for refund under the prescribed refund mechanism. en-us Thu, 03 Oct 2019 07:35:43 +0530 Thu, 23 Jan 2025 15:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115484 Zero-rated supply status allows a registered exporter to avail input tax credit and to claim refund either under bond/Letter of Undertaking without payment of integrated tax or on payment with subsequent refund claims. However, the statutory refund calculation and the defined concept of net ITC confine refundability to credits on inputs, excluding accumulated credit on capital goods; therefore accumulated ITC on capital assets is not eligible for refund under the prescribed refund mechanism. Discussion-Forum GST Thu, 03 Oct 2019 07:35:43 +0530 https://www.taxtmi.com/forum/issue?id=115484