One taxpayer has both exports and local sales. Now what is the procedure to claim the ITC portion related to exports? Can he utilize such ITC to setoff the local sales outward tax liability ? or does he still required to apply for refund ?
sathya kumar s (AUDIT STAFF) (183 Points)
15 November 2022One taxpayer has both exports and local sales. Now what is the procedure to claim the ITC portion related to exports? Can he utilize such ITC to setoff the local sales outward tax liability ? or does he still required to apply for refund ?
kl Bhavana
(Student CA Final )
(417 Points)
Replied 15 November 2022
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