01 February 2018
We are a Man Made Coir Pith exporter (95% export) located at Tamilnadu
We are exporting against Letter of Undertaking without paying GST.
We are availing duty drawback in the high rate (from 1/7/2017 to 30/9/2017), earlier
Could you please clarify my following query
Whether we are eligible for avail Input Credit for materials purchased ? Whether Input Credit can avail for Integrated Tax paid for Import? Whether input credit can avail on SGST/CGST paid on Reversal Charge Mechanism? We have already filed GSTR3B for July & December 2017 after making payment towards.
If not possible ITC Claim.
I am ready to return the High rate duty drawback with interest any possibility available pls help me sir.
01 February 2018
1 Yes you are eligible for input credit on materials purchased. 2 yes input credit available on IGST paid on import. 3 yes input credit available on CGST/sgst paid under RCM.
CAclubindia
