| 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 ? |
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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 ?
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