Goods and Services Tax – Started By: – SHIV MISHRA – Dated:- 29-12-2018 Last Replied Date:- 31-12-2018 – Dear All,I worked in manufacturing company. recently we export second hand machine which purchased pre GST regime,whether its required to reverse ITC utilised at time of purchase,if Yes than how much ITC to be reverse in such case.Can anyone provide GST rules on above issue. – Reply By KASTURI SETHI – The Reply = No reversal is required. Exported goods are treated as duty-paid goods., . Credit is allowed for making zero rated supply. Zero-rate is also a rate of duty for the purpose of export. Read Section 16 of IGST Act, 2017. A case law pertaining to pre-GST era is appended below: 2016 (335) E.L.T. 104 (Tri. – Mumbai) = 2016 (3) TMI 39
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