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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Agriculture income or business income
- Loan by Partnership Firm
- Suggestions required for income tax filing-software (FY 2025-26)
- REGARDING GST LIABILITY/....
- STCG FOR GOLD ETFs
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
