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Input Tax Credit on Import Return, Goods and Services Tax - GST

Issue Id: - 114379
Dated: 5-12-2018
By:- Kaustubh Karandikar
Input Tax Credit on Import Return

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XYZ imported goods and input tax credit taken on it for IGST charged in the Bill of Entry. These goods were rejected being wrong supply and re-exported to the supplier.

1) Can they claim input tax credit of IGST paid?

2) While re-exporting to the supplier, can they export without payment of GST under LUT even if they had taken input tax credit of the IGST?

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Showing Replies 1 to 2 of 2 Records

1 Dated: 6-12-2018

Except certain circumstances, there is no tax on export. in our view, XYZ can claim input tax credit of IGST paid and they can export under LUT without payment of IGST.

2 Dated: 7-12-2018

I endorse the views of Yagay and Sun.


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