Restrictions of refund of unutilized input tax credit of GST paid on inputs to manufacturer exporters of fabrics

Restrictions of refund of unutilized input tax credit of GST paid on inputs to manufacturer exporters of fabrics https://www.taxtmi.com/circulars?id=69424 Section 54(3) allows refund of unutilized input tax credit for zero rated supplies or where input tax exceeds output tax, but a notification under the proviso restricts refunds for certain specified goods. That restriction does not apply to zero rated supplies, so, subject to section 54(10), manufacturers exporting the specified fabrics may claim refund of unutilized input tax credit on inputs used in manufacture, excluding input tax credit on capital goods. en-us Tue, 09 Jan 2018 00:00:00 +0530 Mon, 16 Mar 2026 14:26:00 +0530 TaxTMI RSS Generator Restrictions of refund of unutilized input tax credit of GST paid on inputs to manufacturer exporters of fabrics https://www.taxtmi.com/circulars?id=69424 Section 54(3) allows refund of unutilized input tax credit for zero rated supplies or where input tax exceeds output tax, but a notification under the proviso restricts refunds for certain specified goods. That restriction does not apply to zero rated supplies, so, subject to section 54(10), manufacturers exporting the specified fabrics may claim refund of unutilized input tax credit on inputs used in manufacture, excluding input tax credit on capital goods. Circulars GST - States Tue, 09 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69424