Gst rfd 01-refund of itc on export of goods under lut

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Malarvizhi (Querist)

12 December 2017 In GST RFD 01 What Figures should be filled in computation of refund to be claimed (statement 3A)

Our Case is Refund of ITC on Account of Exports Without Payment of Tax ( Exported under LUT)

Example Turnover details for JULY 2017:

I) Total Value of Sales in July 2017 : Rs.82,98,137.00
in that
1)Export Sales
( nil rated -Without Payment of tax under LUT ) - Rs.77,13,671.00
2) Sales within state taxable - Rs.2,68,181.15
( Tax amount - CGST Rs.20,878.00 ; SGST - Rs.20,878.00)
3) Sales Within State Exempted /Nil rated - Rs.3,16,284.50

II) ITC - Credited towards our purchase in this period (July 2017) is CGST - Rs.55,855.00 & SGST - Rs.55,855.00

In 3B return for July 2017 we used the ITC amount CGST Rs.20,878.00 ; SGST - Rs.20,878.00 for the taxable sales as mentioned above

III) Now I have to get refund of the balance amount of
CGST Rs. 34977.00 (55855.00 - 20878.00)
SGST Rs. 34977.00 (55855.00 - 20878.00)

Total Refund amount = Rs.69954.00

In Statement 3A table in refund computation I need clarification:
In my case kindly explain
What is Turnover of zero rated supply of goods (under this head what is IGST/CGST/SGST)
What is Net input tax credit ( under this head what is IGST/CGST/SGST)
What is Adjusted Turn Over (Under this head what is IGST/CGST/SGST)

Kindly clarify my quires. Thanks

Udaya Chandran

Udaya Chandran (Expert)

12 December 2017 What is Turnover of zero rated supply of goods (under this head what is IGST/CGST/SGST)
IGST - Rs.77,13,671.00

What is Net input tax credit ( under this head what is IGST/CGST/SGST)
Net is what is available in your credit ledger

And you can't claim refund of excess credit in your ledger unless if your input tax rate is more than output tax rate.

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