Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Deficiency Memo

495 views

Save Share

Join Us Follow Us Add as Source

Garima Cute

3 Points Posted on 15 February 2024

Hello, After filing RFD-01 for Exports without payment of Tax, I got deficiency memo stating:

1. Nature of Business with flow charts.

2. ITC with descripttions.

I am not able to understand the descrepancies. Can anyone help on this.

Attached File : 2006002 20240215172340 zd060224010179s rfd03.pdf downloaded: 67 times

Replies (4)

Quick Summary

This discussion concerns a user who received a deficiency memo after filing an RFD-01 for exports without payment of tax. The memo requested details on the nature of business with flowcharts and ITC with descriptions. Other users offered advice, suggesting a review of supporting documents and potentially resubmitting the application, as well as clarifying the meaning of 'flow chart' and 'ITC description' in this context.

bhupendra kumar

ipcc student

122 Points Posted on 15 February 2024

Flow chart means how to move your goods from manufacturer to wholesaller to export etc.

and ITC descripttion means item name, seller name, purchase rate taxable amount, gst etc.