Local purchase and export

286 views 2 replies

DEAR SIR,

WE BOUGHT ONE ELECTRONIC ITEM FOR A VALUE OF RS.100000/- WITH GST 18000/- TOTAL 118000/- LAST MONTH. MAY 21

WE HAVE LUT FOR THIS YEAR 2022-23

NOW WE WANT TO EXPORT TO OVERSEAS WITHOUT PAYING TAX .

IS IT POSSIBLE TO CLAIM THAT PURCHASED VALUE ITC AS REFUND IN NEXT MONTH.

IF CAN , CAN WE FILE THE EXPORT INVOICE IN NEXT MONTH GSTR1 AND CLAIM THAT AMOUNT REFUND IN SAME MONTH ALSO?

KINDLY EXPLAIN.

Replies (2)
Yes...You can get the refund of ITC proportionate to the export sales out of your Total sales over the year.I don't think it is possible to get the refund in the same month of GSTR1...
Ye u can get the refund of itc proportianate to the export sales out of urs total sales over the year I don't think it is possible to get the refund in the same month of gstr-1....

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details