when applying for the gst refund in case of export without the payment of tax what is the net ITC to be considered..
pls explain what is Net ITC.....
4 Replies
prasad Nilugal
(3914 Points)
Replied 21 March 2021
You can not claim ITC on Capital Goods , You can claim ITC on Input and Input Services , in case of Export through LUT .
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 21 March 2021
Agree with Mr. Prasad Ji ,
Net ITC means ITC availed on Inputs (goods) & input services during the relevant period.
It does not include any block ITC under Section 17(5) & ITC restricted only to the extent of invoices reflected in GSTR 2A.
Net ITC means ITC availed on Inputs (goods) & input services during the relevant period.
It does not include any block ITC under Section 17(5) & ITC restricted only to the extent of invoices reflected in GSTR 2A.
Salman Gaur
(3 Points)
Replied 22 March 2021
Export se case me Jo courier charge per 18% GST lagta he kya ham uska refund le sakte he please guide
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 23 March 2021
YES YOU CAN.........................
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