Drawback & gst refund - on account of export sales
This query is : Resolved
05 November 2019
Respected Sirs,
We are getting duty drawback @ 0.85% against export sales. I have heard that those who are getting credit of duty drawback against export sales are not at all entitled for any sort of GST Claim Refund
Please guide me and oblige.
We are getting duty drawback @ 0.85% against export sales. I have heard that those who are getting credit of duty drawback against export sales are not at all entitled for any sort of GST Claim Refund
Please guide me and oblige.
05 November 2019
We are entitled to GST Refund claim even if we are claiming Duty Drawback.
But it is better to claim lower rate of duty drawback and claim gst refund on such invoices
But it is better to claim lower rate of duty drawback and claim gst refund on such invoices
29 May 2020
Exporters can claim higher rate of duty drawback (composite AIR) subject to conditions that no input tax credit of CGST/IGST is claimed, no refund of IGST paid on export goods is claimed and no CENVAT credit is carried forward. A declaration from exporter and certificate from jurisdictional GST officer in this regard has been prescribed in the notification related to AIRs. This will prevent double availement of neutralisation of input taxes.
Exporters also have the option of claiming only the Customs portion of AIR and claim refund/ITC under GST laws.
Exporters also have the option of claiming only the Customs portion of AIR and claim refund/ITC under GST laws.
29 May 2020
https://taxguru.in/custom-duty/duty-drawback-exim-scheme.html
https://www.indiafilings.com/learn/duty-drawback-scheme/
https://cleartax.in/s/impact-of-gst-on-export-of-goods-and-services
https://taxguru.in/goods-and-service-tax/higher-rate-duty-drawback-igst-refund-gst-regime.html
https://taxguru.in/custom-duty/igst-refunds-claimed-claiming-drawback.html
https://www.indiafilings.com/learn/duty-drawback-scheme/
https://cleartax.in/s/impact-of-gst-on-export-of-goods-and-services
https://taxguru.in/goods-and-service-tax/higher-rate-duty-drawback-igst-refund-gst-regime.html
https://taxguru.in/custom-duty/igst-refunds-claimed-claiming-drawback.html
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