Hi Team,
We are a export ( exporting to US)B unit running at two locations:
Noida- Filled LUT for getting zero rate on export.
Hyderabad
we are also doing domestic business from both the units.
while calculation of GST we had done the following adjustment:
For Noida we have Domestic and Export both sales we had taken input tax credit for the full invoice against Domestic sales rather than claiming as refund towards export.
For Hyderabad we have created a input tax credit for hyderabad which we had not claimed anywhere.
Query:
We are adjusting full tax credit at Noida towards Domestic sales-Is this correct?
Requested to you please provide me a note.
CAclubindia
