Refund

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SHASHANK SARASWAT (Querist)

22 June 2018 We export services under bond and some domestic supplies.
Can we claim ITC on CG,Inputs and Input services.
Can we claim refund of ITC on CG,Inputs and Input services.
If refund of ITC on CG is not available, then what we are going to do with accumulated balance of ITC on CG

Udaya Chandran

Udaya Chandran (Expert)

23 June 2018 You can take ITC of goods and services used for providing supplies of goods and services.

SHASHANK SARASWAT

SHASHANK SARASWAT (Querist)

23 June 2018 ok.
can i take refund of ITC on CG in the case of export

Udaya Chandran

Udaya Chandran (Expert)

23 June 2018 Yes, you can take ITC of CG.

SHASHANK SARASWAT

SHASHANK SARASWAT (Querist)

23 June 2018 hahaha, hey bro atleast read the question carefully before replying on the same.
who makes you expert.

Udaya Chandran

Udaya Chandran (Expert)

23 June 2018 I said that you take ITC, then why do you want to go for refund, Mr. (don't use unnecessary words, mind your words)

SHASHANK SARASWAT

SHASHANK SARASWAT (Querist)

23 June 2018 because i am a exporter and export against bond that's why i need refund.
First of all clear your concepts and read my first query very carefully, it states each and every thing.
Sorry for old comment...don't take it seriously.

Udaya Chandran

Udaya Chandran (Expert)

23 June 2018 Since you have mentioned that your supplies includes domestic also, I said that you can take ITC. If you have any unutilised ITC, you can go for refund related to export supplies. Please note there may be some faults in understanding the questions sometimes, please explain the same in a proper manner and get answered for your queries. Request you to please don't criticize immediately. Thanks.

SHASHANK SARASWAT

SHASHANK SARASWAT (Querist)

23 June 2018 sorry bro....
my query arises because i read in act that exporter can claim refund for Input and Input services only....
thats why i am asking that what will happen to the ITC on CG. will exporter not get refund of the same .
because i am sure that itc of the same is available but if refund is not available than what is the point of geting itc of the same.
i hope u understand my query.
bro realy sorry for my old comment... no hard feelings.

Udaya Chandran

Udaya Chandran (Expert)

23 June 2018 It is OK. I said my opinion about the refund, you can also consider second opinion. Also let me know (if possible) if I'm wrong.

SHASHANK SARASWAT

SHASHANK SARASWAT (Querist)

23 June 2018 you mean to say that exporter can get refund of all itc's including itc on cg?

SHASHANK SARASWAT

SHASHANK SARASWAT (Querist)

23 June 2018 is there anybody who answer my question:-
We export services under bond and some domestic supplies. Can we claim ITC on CG,Inputs and Input services. Can we claim refund of ITC on CG,Inputs and Input services. If refund of ITC on CG is not available, then what we are going to do with accumulated balance of ITC on CG
Please before answering the query read my question carefully it consist three question.

Thanks

SHASHANK SARASWAT

SHASHANK SARASWAT (Querist)

23 June 2018 please read this article which i have found while finding answer to my query

SHASHANK SARASWAT

SHASHANK SARASWAT (Querist)

23 June 2018 i also said the same thing

SHASHANK SARASWAT

SHASHANK SARASWAT (Querist)

23 June 2018 https://economictimes.indiatimes.com/topic/refund-of-gst-to-exporters

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