GST Plus - Get Daily updates,support, whatsapp Group & reply to GST Notices etc.!! Call : 011-411-70713 !!


Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Varun (Proprietor)     22 October 2020


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 ?

 5 Replies

Gaurav Sharma

Gaurav Sharma   22 October 2020

You can claim refund
1 Like

Varun (Proprietor)     23 October 2020

But wether it is treated as Income ?


charu sharma

charu sharma   23 October 2020

If whole amount including tax is recovered from customer then refund cannot be applied.

Varun (Proprietor)     24 October 2020

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 ?




Varun (Proprietor)     30 October 2020

Hi can anybody please reply on the Topic ?

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Start a New Discussion

Popular Discussion

view more »

Subscribe to the latest topics :
Search Forum:

Trending Tags