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GSt refund

Sanjiv Rajpoot (3430 Points)

06 January 2019

if i am a service exporter and my supply covered in zero rated supply then can I claim of of ITC on capital goods

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9 Replies

MAHENDRA KUMAR BAGRECHA (FCA) (1402 Points)
Replied 06 January 2019

no you cannot claim.

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saurabh sawlani (2191 Points)
Replied 06 January 2019

@ mahendra kumar bagrecha, if possible also share notification regarding this matter.

2 Like

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 06 January 2019

As per section 54 CGST , yes you can claim Refund

pritesh (CA Final student) (7101 Points)
Replied 07 January 2019

Yes you can claim itc.on zero rated supply.

MAHENDRA KUMAR BAGRECHA (FCA) (1402 Points)
Replied 07 January 2019

As per rule 89, Net credit means input tax credit availed on inputs and inputs services during the relevant period however does not includes ITC on capital goods therefore , ITC paid on capital goods may not be eligible for refund. It is my understanding. Please correct me if i am wrong.