Home Forum Goods and Services Tax - GST Month 9 2017 2017 (9) This
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Duty Drawback & Input Credit - under GST - Goods and Services Tax - GSTExtract Dear Sir We 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), earlier we 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 towards CGST/SGST on RCM and showed as ITC receivable for tax on purchases/RCM, is this Correct or else how we can reverse these ITC. We have not any set off against this ITC receivable. Your early feedback on my above subject will be highly appreciated.
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