NO.F.l-11(8)-TAX/2015
circulars · 2017 · Tripura
Parent: The Tripura State Goods and Services Tax Act, 2017 (f49bb5282224ef697f4ea1a4f21117d556e6bec9)
Text
Rule TOC
11i · J
11i · J
2 · 3 Therefore, subject to the provisions of section I 7(5) of the CGST Act, if event management services, hotel, accommodation services, consumables etc. are received by a SEZ developer or a SEZ unit for authorised operations, as endorsed by the specified officer of the Zone, the benefit of zero rated supply shall be available in such cases to the supplier.
3 · 1 Notification No. 5/2017-Central Tax (Rate) dated 28.06.2017 specifies the goods in respect of which refund of unutilized input tax credit (lTC) on account of inverted duty structure under section 54(3) of the CGST Act shall not be allowed where the credit has accumulated on account of rate of tax on inputs being higher than the rate of tax on output supplies of such goods. However, in case of fabric processors, the output supply is the supply of job work services and not of goods (fabrics).
3 · 2 Hence, it is clarified that the fabric processors shall be eligible for refund of unuti lized lTC on account of inverted duty structure under section 54(3) of the CGST Act even if the goods (fabrics) supplied to them are covered under notification No. 5/2017-Central Tax (Rate) dated 28.06.2017.