MECHANISM FOR GETTING REFUND
Is there a Mechanism for getting refund in cases were there is unutilized ITC due to zero rated sales to SEZ
Reply by GST @ Gol
Supplies to SEZ will be zero rated and refund will be available.
Refund of tax is defined in section 54 of CGST Act.
Relevant extract is as follows.
Subject to the provisions of sub-section (10), a registered person may claim refund of any unutilised input tax credit at the end of any tax period:
Provided that no refund of unutilised input tax credit shall be allowed in cases other
(i) zero rated supplies made without payment of tax.
Mechanism for getting refund in GST
Reply by GST on Twitter
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