hi,
If export of goods is made on payment of GST, the tax liability is written off with existing ITC, the same is processed by customs and the GST will be refunded accordingly,
now what is the treatment of the refund of IGST in P&L a/c, should it be treated as indirect incomes, just as we treat duty drawback received
please clarify
thanks
shashi kiran
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GST refund
Replies (2)
Shashi it will be treated as indirect income..
disclosure is applicable only in case of schedule
III.
disclosure is applicable only in case of schedule
III.
Ok sir can u please give more clarity
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