Goods and Services Tax – Started By: – unni kv – Dated:- 21-9-2017 Last Replied Date:- 22-9-2017 – Dear SirWe are a Man Made Fabrics exporter (95% export) located at Kannur District, Kerala.We are exporting against Letter of Undertaking without paying GST.We are availing duty drawback in the lower rate (from 1/7/2017 onwards), earlierwe used to availed duty drawback in the High rate i.e till 30/6/2017.Could you please clarify my following query Whether we are eligible for avail Input Credit for materials purchased ? Whether Input Credit can avail for Integrated Tax paid for Import? Whether input credit can avail on SGST/CGST paid on Reversal Charge Mechanism? We have already filed GSTR3B for July & August 2017 after making payment towa
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rect or else how we can reverse these ITC. We have not any set off against this ITC receivable.-YES, IT IS CORRECT PROCEDURE – Reply By unni kv – The Reply = Sir,Thanks, since we are availaing duty draw back in lower rate (2.50%), my question is whether wecan avail input credit on purchase/RCM or not ? – Reply By Rajagopalan Ranganathan – The Reply = Sir, As per proviso 3 of Section 54 (3) of CGST Act, 2017 no refund of input tax credit shall be allowed, if the supplier of goods or services or both avails of drawback in respect of central tax or claims refund of the integrated tax paid on such supplies. As per proviso 3 of Section 54 (3) of Maharashtra Goods and Services Tax Act, 2017 no refund of input tax credit shall be allowed, if the s
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Reply By unni kv – The Reply = Sir,Our output supply is taxable as per GST but exporting with Nil Tax against Letter of Undertakingand availing Duty Drawback (at lower rate i.e 2.50%) . Still whether we can avail Input credit onpurchase and tax paid on RCM ? – Reply By unni kv – The Reply = Dear Rajagopalan RanganathanSir, we are availing duty drawback not in respect of Central Tax or IGST paid on supplies, it is on the basis of the rates of drawback specified against the various tariff items. – Reply By SHIVKUMAR SHARMA – The Reply = Your output supply is taxable as per GST Rule & you are paying GST on output supply in domestic market but exporting with Nil rated tax against Letter of Undertaking & availing duty draw back . Still y
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