https://www.taxtmi.com/forum/issue?id=117180 The text addresses whether export of a used capital good that attracted input tax credit requires reversal, noting a statutory tension between entitlement to ITC on zero-rated exports and provisions mandating reversal on supply of capital goods. Contributors give divergent views: some deny reversal for exports, others assert reversal is required, and practical approaches suggested include exporting under LUT, exporting on payment of tax to preserve cost, or applying existing domestic reversal calculation methods tied to transaction value. en-us Thu, 22 Apr 2021 08:48:41 +0530 Thu, 23 Jan 2025 15:54:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117180 The text addresses whether export of a used capital good that attracted input tax credit requires reversal, noting a statutory tension between entitlement to ITC on zero-rated exports and provisions mandating reversal on supply of capital goods. Contributors give divergent views: some deny reversal for exports, others assert reversal is required, and practical approaches suggested include exporting under LUT, exporting on payment of tax to preserve cost, or applying existing domestic reversal calculation methods tied to transaction value. Discussion-Forum GST Thu, 22 Apr 2021 08:48:41 +0530 https://www.taxtmi.com/forum/issue?id=117180