| 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 ? |
Menu
IGST REFUND ON EXPORT OF SERVICES
Replies (5)
You can claim refund
But wether it is treated as Income ?
If whole amount including tax is recovered from customer then refund cannot be applied.
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 ?
Recent Topic
- Rental income calculation for 12months
- PF Withdrawal before completing 5 years
- Discrepancy in "Processed By Source" and
- Dilemma of Indian Dependant Housewives
- TDS console file not open in RPU 1.1
- ITR 3: BFLA schedule not correct
- Dividend on foreign stocks in ITR2
- Refex Group IT Raid – What Can Investors Lea
- Capital losses when new equity was issued due to m
- Individual person having tution income more than 2
Related Topics
CAclubindia
