Q. 654 Whether a normal Dealer can claim ITC on the furniture work (original or repairs) done in his office?

Ans. Yes, ITC is allowed assuming all the conditions mentioned in section 16 have been met. 

Q. 653 Where is LUT agreement specifications ?

Ans. The LUT form is prepared under rule 96A for export of goods or services.

Q. 652 Whether there is a need for Reversal of ITC as Rule 42 for the Duty Draw Backs received by Exporter . This is included as Exempt Income in the Books just like (d)) the value of supply of Duty Credit Scrips specified in the notification of the Government of India, and the Interest on Loans which is an Exempt Supply for Registered persons other than Banking Co. which are specifically allowed to be excluded from the Exempt Turnover purpose of Rule 42.

Ans. For scripts there is specific provision to exclude from exempted supply for the purpose of rule 42.