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Non realization of export proceed
what are the consequences for non realization of export proceed in gst, whether IGST required to pay or reversal of input credit?
Replies (7)
Quick Summary
Required to pay IGST if export proceedings are not received within prescribed time lines
Non realisation of export proceedings required to pay IGST.
What will be in case bad debt entry not done and amount is showing as outstanding since long, whether IGST required to pay in bad debt case or if not received within time, what will be time limit for realization
Yes. Required to pay back IGST even in Bad Debt
Please share act,circular reference in this matter
Notification no. 16/2020 Central tax dated 23.03.2020
Please clarify that in this notification ,Refund of unutilized ITC or refund of IGST paid on export is required to pay , if export is done without paying IGST under LUT bond, and no refund for ITC is made , what will be solution
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