TaxTMI 
TaxTMI 
Refund of unutilised ITC
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....efund of unutilised ITC<br> Query (Issue) Started By: - Archna Gupta Dated:- 20-12-2017 Last Reply Date:- 21-12-2017 Goods and Services Tax - GST<br>Got 7 Replies<br>GST<br>Please clarify with referen....
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....ce of relevant section and rule that can we claim refund of unutilised ITC on capital goods in case of 100% zero rated supply. Reply By KASTURI SETHI: The Reply: This issue has already been discusse....
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....d in this forum. Pl. go through replies posted by experts in November and December,2017. Reply By Archna Gupta: The Reply: Sethi Sir, not able to find about Capital Goods Reply By KASTURI SETHI: Th....
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....e Reply: Duty paid (GST) character/status is the same whether it is input or capital goods. Reply By KASTURI SETHI: The Reply: In GST regime the term ,"Input Tax" also includes capital go....
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....ods. This prespective is worth to be analysed. Present definition of input/capital goods is different from the earlier one existed during pre -GST era. Reply By CS SANJAY MALHOTRA: The Reply: No su....
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....ch provision of refund of accumulated credit on capital goods. Refund of input and input service is available. Refer CGST Rule 89 preferable Net ITC availed formulae. Reply By KASTURI SETHI: The Repl....
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....y: Sh.CS Sanjay Malhotra Ji,. Sir, thanks for your stamp of clarification and hence enrichment of my knowledge. Reply By subramanian vijayakumar: The Reply: I endorse Sanjay sir views<br> Discussi....
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....on Forum - Knowledge Sharing ....