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
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Gst Refund
Replies (5)
Export is not exempted from gst, its zero rated supply, so it should be included in inverted tax structure. if u don't find any answer , i am going to clarity it .
Kindly clarify on meriits
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.
Thank you for valuable reply.
My query is while considering Inverted Duty structure turnover should I consider turnover of Exports (LUT )
My query is while considering Inverted Duty structure turnover should I consider turnover of Exports (LUT )
Yes u have to include
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