Refund of unutilised ITC, Goods and Services Tax - GST

[Archna Gupta]

Please clarify with reference of relevant section and rule that can we claim refund of unutilised ITC on capital goods in case of 100% zero rated supply.

Posts / Replies

[KASTURI SETHI]

This issue has already been discussed in this forum. Pl. go through replies posted by experts in November and December,2017.

[Archna Gupta]

Sethi Sir, not able to find about Capital Goods

[KASTURI SETHI]

Duty paid (GST) character/status is the same whether it is input or capital goods.

[KASTURI SETHI]

In GST regime the term ,"Input Tax" also includes capital goods. This prespective is worth to be analysed. Present definition of input/capital goods is different from the earlier one existed during pre -GST era.

[CS SANJAY MALHOTRA]

No such provision of refund of accumulated credit on capital goods. Refund of input and input service is available. Refer CGST Rule 89 preferable Net ITC availed formulae.

[KASTURI SETHI]

Sh.CS Sanjay Malhotra Ji,. Sir, thanks for your stamp of clarification and hence enrichment of my knowledge.

[subramanian vijayakumar]

I endorse Sanjay sir views