Goods and Services Tax – Started By: – Puneet Arora – Dated:- 18-4-2018 Last Replied Date:- 2-5-2018 – Hi SirI want to know some queries:-Hello SirWe have exported with 0 rated supply & we have received some exempted income like, Duty Draw Back, MEIS Licences, & SAD refundour query is what we will reverse the proportionate input tax credit again exempted income received , Duty drwa back, SAD REFUND , Licences.Puneet – Reply By KASTURI SETHI – The Reply = These are not exempted. Refund and drawback become due on account of export and tax already paid at the time of export on goods or inputs contained in final products exported. – Reply By Puneet Arora – The Reply = Which Section we will not reversed the ITC – Reply By Susheel Gupta
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