Drawback if Exporter uses GST Paid inputs and Pre GST Stock

By | July 19, 2017
(Last Updated On: July 19, 2017)

Question : If an exporter has stock of GST paid inputs as well as inputs from pre GST period and if inputs from both lots are used in export goods, what shall be Drawback on such exports?

Answer: During the transition period upto 30th September 2017, exporters can avail drawback at higher rate subject to the conditions that no Input Tax Credit (ITC) of CGST/IGST is claimed, no refund of IGST paid on export goods is claimed and no CENVAT credit is carried forward.

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About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

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