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TMI BlogRefund of unutilised ITCX X X X Extracts X X X X X X X X Extracts X X X X ..... 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. - Reply By KASTURI SETHI - The Reply = This issue has already been discussed in this forum. Pl. go through replies posted by experts in November and December,2017. - Reply By Archna Gupta - The Reply = Sethi Sir, not able to find about Capi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tal Goods - Reply By KASTURI SETHI - The Reply = Duty paid (GST) character/status is the same whether it is input or capital goods. - Reply By KASTURI SETHI - The Reply = 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. - Reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... By CS SANJAY MALHOTRA - The Reply = 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. - Reply By KASTURI SETHI - The Reply = Sh.CS Sanjay Malhotra Ji,. Sir, thanks for your stamp of clarification and hence enrichment of m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y knowledge. - Reply By subramanian vijayakumar - The Reply = I endorse Sanjay sir views - Refund of unutilised ITC - Query Started By: - Archna Gupta Dated:- 20-12-2017 Goods and Services Tax - GST - Got 7 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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