Local purchase and export

ITC / Input 134 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....


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