Gst refund being a exporter
This query is : Resolved
Vijay Bansal
(Querist)
09 May 2017
I am a Merchant Exporter. I am in a confusion of GST Refund as detailed below:
My Purchase
Purchase – 100
GST Charged @ 10% - 10
My Sales
Export – 120
GST Charges @ 10% - 12
GST A/c
GST Credit available – 10
GST Debit – 12
GST to be deposited – 2
How much GST amount to be refund to me as I am Exporter Rs. 2 of Rs. 12?
My Purchase
Purchase – 100
GST Charged @ 10% - 10
My Sales
Export – 120
GST Charges @ 10% - 12
GST A/c
GST Credit available – 10
GST Debit – 12
GST to be deposited – 2
How much GST amount to be refund to me as I am Exporter Rs. 2 of Rs. 12?
CA R SEETHARAMAN
(Expert)
09 May 2017
You need not charge any GST on export. Export exempt from GST. You are entitled for a refund of 10, GST paid on your purchase for export.
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