Govt lifts restrictions, gives relief on ITC to exporters, others under GST

The government has now kept imports, ISD and RCM out of the purview of its move to limit ITC to inputs reflected in GSTR2A

The government has offered relief to exporters on input tax credit under the goods and services tax (GST).
 
Earlier, the Central Board of Indirect Taxes and Customs had clarified that input tax credit would be restricted to those inputs reflected in the input form of purchasers.
 
Whenever a supplier submits a seller form — GSTR 1A — items on it would automatically reflect in purchaser’s input form — GSTR 2A.
 
The issue arose when some suppliers didn’t have the GSTR 1A form, given they don’t come under the country’s jurisdiction.
 
Exporters in India who import items