Discover the impact of the withdrawal of export freight exemption under GST. Learn why exporters should consider hiring a foreign shipping line for transporting goods and understand the implications for input tax credit eligibility. Stay informed and make strategic decisions for your export operations.
A refund of the accumulated input tax credit is available to the assessee wherein the accumulation is due to the fact that the rate of tax on inputs is higher than that of the rate of tax on outputs. The mechanism for calculation of the maximum refund amount is provided in rule 89(5) of CGST […]
