Question ID :
31645
Use of ITC on Export purchase
Sir,
Can we use ITC on Purchase done for export to discharge liability of GST on domestic sale.
Posted by
RAM KUMAR SARASWAT
on
May 22, 2018
Filed Under
GST
Yes. You can discharge the liability of GST on domestic sale from the ITC on purchase done for export.
Posted by
CA. SATISH CHAND GARG on
May 22, 2018
Answer ID :
68664
As per Section 17(1) and Section 17(2) ITC can be availed and utilised for payment of GST on taxable supplies (including export supplies). If the credits are in excess then the refund for the same is also eligible since the credits are allowed to be availed in case of export supplies also.
Posted by
SACHIN AGARWAL on
May 23, 2018
Answer ID :
68671
Yes it can very well be used.
Posted by
Jatin Harjai on
May 24, 2018
Answer ID :
68770
The ITC can be used for dischargiing GST on domestic sale as there is no restriction on utilisation of credit. Alternatively they can also go for refund of ITC based on the formula prescribed in rules
Posted by
Swetha R on
Jun 11, 2018