Hi.... we are doing business of general trading of exports. now i just want to update ourselves that are we liable to pay GST @ 18 % on our local purchase as we dont any sale in INDIA ??? if yes then how can we get the refund for the GST 18% which we have paid during our purchase ?? as there are lots of peoples whom i asked the same question but always got different answers. so we think caclubindia is the best option that we have...kindly resolve the same
Menu
Gst for exporter
Replies (4)
You can either pay igst on exports utilise your credits and claim refund of tax paid. Or you can export without paying taxes under bond or LUT and claim refund of credits. For refund you have to file rfd 01 and rfd 11
so we can get the refund of total amount of 18% GST on our purchase value. ?? and what is the procedure ?? and howmuch time it will take for refund ??. kindly revert
100% refund will be available if you only have export sales. Where both local and export sales takes place then 100% refund wont be allowed. It will be calculated proportionately. For full procedures go through refund rules. Rules are available on CBEC site.
thanks a lot zafar sir... my query has been now resolved
Recent Topics :
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
Related Topics :
CAclubindia
