| Hello All, |
| Suppose i have raised one invoice towards Export of services Say Rs. 1 Lacs + GST @ 18% Rs. 18000 |
| Total Invoice Value Rs. 118000 recovered from a client abroad, now as per IGST Rule i can get refund of IGST Paid on export of Services. Can we recognise in books IGST refund of Rs. 18000 refund as income ? |
| Can we recognise in books IGST refund of Rs. 18000 refund as income ? |
But wether it is treated as Income ?
But under which provisions of the act, we cannot apply for refund in that case ?
Because what i understand is IGST Refund is an export benefit to us, can anyone please elaborate on this ?
Hi can anybody please reply on the Topic ?
Karia Overseas
Ahmedabad
CA
View Details
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
View Details
CAclubindia
