GST- ITC Refund under Zero Rated supplies without payment of tax, and such goods procured @0.1% under NN 40/2017 dated 23-10-2017.

GST- ITC Refund under Zero Rated supplies without payment of tax, and such goods procured @0.1% under NN 40/2017 dated 23-10-2017. https://www.taxtmi.com/forum/issue?id=119295 Refund of input tax credit on zero-rated exports is available where inputs were procured at a concessional rate under the notification, subject to conditions: refund covers ITC on inputs received under the concessional notification and other inputs/services to the extent used for export. The relevant date for limitation is the date goods pass the frontier, requiring documentary proof of departure from customs control; claimants must demonstrate nexus between ITC and export and observe apportionment/restriction rules for inputs related to exempt supplies. en-us Mon, 09 Sep 2024 23:45:31 +0530 Fri, 24 Jan 2025 10:40:19 +0530 TaxTMI RSS Generator GST- ITC Refund under Zero Rated supplies without payment of tax, and such goods procured @0.1% under NN 40/2017 dated 23-10-2017. https://www.taxtmi.com/forum/issue?id=119295 Refund of input tax credit on zero-rated exports is available where inputs were procured at a concessional rate under the notification, subject to conditions: refund covers ITC on inputs received under the concessional notification and other inputs/services to the extent used for export. The relevant date for limitation is the date goods pass the frontier, requiring documentary proof of departure from customs control; claimants must demonstrate nexus between ITC and export and observe apportionment/restriction rules for inputs related to exempt supplies. Discussion-Forum GST Mon, 09 Sep 2024 23:45:31 +0530 https://www.taxtmi.com/forum/issue?id=119295