Proportionate gst refund formula (export and local sales)
This query is : Resolved
27 October 2020
if 50% local sale and 50% export out of India against LUT sales.
can we claim full igst paid on imports used in both sales or only 50%?
i feel only 50% of total igst paid in imports (that can be said that were used in exports out of india) should be claimed as gst refund. am i wrong?
regards, ca kunjan, mumbai
can we claim full igst paid on imports used in both sales or only 50%?
i feel only 50% of total igst paid in imports (that can be said that were used in exports out of india) should be claimed as gst refund. am i wrong?
regards, ca kunjan, mumbai
28 October 2020
You have to claim ONLY as per formula prescribed under rule 89.
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