Hello Friends,
One of my client is exporting exempted goods. Whether he can apply for ITC GST Refund through RFD-01?
He is selling only exempted goods - domestic and export.
While reading a book "Refunds under GST" - Treatment for Zero Rated Supplies category, they clearly shown that ITC can be claimed for even exempt supplies. Those lines are
"On account of zero rating of supplies, the supplier will be entitled to claim input tax credit in respect of goods or services or both used for such supplies even though they might be non-taxable or even exempt supplies"
Suggest me friends, whether to claim ITC refund or not?
With Regards,
Sangeeth Kumar.P
CAclubindia
