Hi Team,
Please advice if we can claim for ITC refund incase there's no sale in particular month. (w.r.t Export of Services)
Also suggest, if consolidated entire year refund can be applied including above situation.
Thanks,
Nitin Pawar
1 Replies
Pankaj Rawat
(GST Practitioner)
(55062 Points)
Replied 08 October 2018
As per Circular 37/11/2018
The phrase ‘relevant period’ has been defined in the said sub-rule as ‘the period for which the claim has been Filed
In many scenarios, exports may not have been made in that period in which the inputs or input services were received and input tax credit has been availed. Similarly, there may be cases where exports may have been made in a period but no input tax credit has been availed in the said period. The above referred rule, taking into account such scenarios, defines relevant period in the context of the refund claim and does not link it to a tax period.
In this regard, it is hereby clarified that the exporter, at his option, may file refund claim for one calendar month / quarter or by clubbing successive calendar months / quarters. The calendar month(s) / quarter(s) for which refund claim has been filed, however, cannot spread across different financial years.
Hence You can claim refund for whole FY
The phrase ‘relevant period’ has been defined in the said sub-rule as ‘the period for which the claim has been Filed
In many scenarios, exports may not have been made in that period in which the inputs or input services were received and input tax credit has been availed. Similarly, there may be cases where exports may have been made in a period but no input tax credit has been availed in the said period. The above referred rule, taking into account such scenarios, defines relevant period in the context of the refund claim and does not link it to a tax period.
In this regard, it is hereby clarified that the exporter, at his option, may file refund claim for one calendar month / quarter or by clubbing successive calendar months / quarters. The calendar month(s) / quarter(s) for which refund claim has been filed, however, cannot spread across different financial years.
Hence You can claim refund for whole FY
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