Question ID : 32784

Refund

Whether itc claimed on capital goods be considered in the calculation of refund of input tax on exports without payment of gst?

Please refer Rule 89(4) i.e., "Net ITC" means input tax credit availed on inputs and input services during the relevant period other than the input tax credit availed for which refund is claimed under sub-rules (4A) or (4B) or both; Therefore, input tax credit on capital goods cannot be claimed as refund (ITC accumulated). However, the same can be claimed under rebate route