ITC Reversal
Query (Issue) Started By: – Puneet Arora Dated:- 18-4-2018 Last Reply Date:- 2-5-2018 Goods and Services Tax – GST
Got 5 Replies
GST
Hi Sir
\nI want to know some queries:-
\nHello Sir
\nWe have exported with 0 rated supply & we have received some exempted income like, Duty Draw Back, MEIS Licences, & SAD refund
\nour query is
\nwhat we will reverse the proportionate input tax credit again exempted income received , Duty drwa back, SAD REFUND , Licences.
\nPuneet
\nReply By KASTURI SETHI:
\nThe Reply:
\n 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.
\nReply By Puneet Arora:
\nThe Reply:
\nWhich Secti<\/p>\n
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