I have 2 queries
1. Whether export(LUT) included in Turnover of inverted duty structure
2. if common inputs used for outward supply of higher rate & lower rate then computation of refund
Elizabeth Devadas (37 Points)
05 December 2019
PC Sharma
(66 Points)
Replied 07 December 2019
CA Arun Chhajer
(GST Faculty @ Ministry of MSME Govt of India)
(2813 Points)
Replied 08 December 2019
Reply to
Q. No 1 - The Export (whether on LUT or on payment of IGST) will be added in you agreegate Turnover as defined in Section 2(6) of CGST Act.
Q No 2 - It will be used proportionate to the Turnover of Inverted Duty Structure.
Elizabeth Devadas
(37 Points)
Replied 09 December 2019
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
