I am have exported goods in France under lut without paying tax.
now exported goods have failed quality control and and returned by company in France.
upon receiving it in in India do. I have to. pay IGST?
Or As it was exported under LUT no. tax has to. be paid?
Menu
EXported Goods return in GST
Replies (3)
Export without payment of IGST:
The option to export goods without payment of tax can either be used under the cover of a Letter of Undertaking (LUT) or a bond. In such case, any ITC accumulated on inputs/input services unutilised will be available for refund. ... The procedure is similar to the export of services.
In my opinion no need to pay IGST now.
The best option regarding your query is raise a credit note as you have quoted your turnover in GSTR-1 and GSTR-3B and kindly document your FORC copy for clarification in future, contact: mrgstconsultancy @ gmail.com
Recent Threads
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
Related Threads
CAclubindia
