refund of ITC of capital goods and input services under GST on account of export on zero rated supply is eligible or not
pls clarify with relevant section.
thanks and regards
As per definition of Net ITC given in sub rule (4) of rule 89 of the Central goods and service tax Rules, 2017
Net ITC means input tax credit availed on inputs and input services during the relevant period. It however does not includes ITC on capital goods therefore he cannot apply for refund of ITC paid on capital goods
CAclubindia
