Input credit for input of supply of Zero rated items
NIKUNJ VADHAR (30 Points)
09 May 2021NIKUNJ VADHAR (30 Points)
09 May 2021
Manjunath L Bellubbi
(CA)
(43 Points)
Replied 09 May 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 10 May 2021
Bhavika Kothari
(CA)
(1258 Points)
Replied 14 May 2021
Ideally you cannot use the Input Tax credit (ITC) of those inputs whose output is non-taxable. But as said by you these are Zero-rated supplies, in such case you can claim refund too
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India