Merchant Export by a manufacturer

Import / Export 98 views 2 replies

Dear Sir

For a Merchant Export transaction, we charged IGST @ 0.1% & claimed regular ITC @ 18% on our Inputs.

So, do we need to Reverse the proportionate ITC ? or can we set off the excess ITC with our liability of other Regular Outward supplies  ?

Thanks !

Replies (2)

Dear All,

Please see below query & look forward to your valuable comments.

 

U have already been claimed itc on ur export goods , may u can file a refund application ,but to do it ,u may confirm that, u have paid ur itc liability on that export goods as per gstr 2A or 2B and ur LUT exist on which export by this time.


CCI Pro

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