Circular 18/18/2017 - Central Tax
Date: November 16, 2017
File No: F. No. 354/320/2017-TRU-Pt.1
Subject
Refund of unutilized input tax credit of GST paid on inputs in respect of exporters of fabrics.
Content
Doubts have been raised regarding the restrictions of refund of unutilized input tax credit of GST paid on inputs to manufacturer exporters of fabrics [falling under chapters 50 to 55 and 60 and headings 5608, 5801, 5806] under GST. 2.1 The matter has been examined. In this context, subsection 3 of section 54 of the CGST Act, 2017 provides as under: “(3) Subject to the provisions of sub-section (1…