Refund on export without gst payment
This query is : Resolved
28 August 2018
Dear All,
We have manufaturing of Clamps & clips. We export such clamps without payment of GST under LUT. e also sale clamps in indian. we purchase raw material from india only. & some machine import with payment import duty. then my all Purchase Input & import duty input we used against our output gst as ITC.
Now the my question .. There is any Refund for me in Export. ?
We have manufaturing of Clamps & clips. We export such clamps without payment of GST under LUT. e also sale clamps in indian. we purchase raw material from india only. & some machine import with payment import duty. then my all Purchase Input & import duty input we used against our output gst as ITC.
Now the my question .. There is any Refund for me in Export. ?
28 August 2018
No
exporters can claim refund on zero-rated supplies under two options. Either the exporter can export under Bond/ LUT and claim refund of accumulated Input Tax Credit or he may export on payment of integrated tax and claim refund
Since your export in under LUT and not paying IGST . No question of Refund of IGST .and you are already taking ITC for input used for export . Hence , there is no refund for you in Export
exporters can claim refund on zero-rated supplies under two options. Either the exporter can export under Bond/ LUT and claim refund of accumulated Input Tax Credit or he may export on payment of integrated tax and claim refund
Since your export in under LUT and not paying IGST . No question of Refund of IGST .and you are already taking ITC for input used for export . Hence , there is no refund for you in Export
Message likes :
1 times
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
- STCG....................................................
- Supply through E-commerce Operators
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- SALE BILL AGAINST GOODS RETURN
- Loan by Partnership Firm
- LTCG for Assmt year 26-27
- Plot of land. Cost of Acquisition
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- 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
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
