Non realization of export proceed

Chandresh Jain (11 Points)

22 July 2020

what are the consequences for non realization of export proceed in gst, whether IGST required to pay or reversal of input credit?

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7 Replies

Ronak (Chartered Accountant) (61 Points)
Replied 22 July 2020

Required to pay IGST if export proceedings are not received within prescribed time lines

Vijayprakash P (1308 Points)
Replied 22 July 2020

Non realisation of export proceedings required to pay IGST.

Chandresh Jain (11 Points)
Replied 22 July 2020

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

CA Raj Doshi (Practising CA) (5803 Points)
Replied 23 July 2020

Yes. Required to pay back IGST even in Bad Debt

Chandresh Jain (11 Points)
Replied 23 July 2020

Please share act,circular reference in this matter

CA Raj Doshi (Practising CA) (5803 Points)
Replied 23 July 2020

Notification no. 16/2020 Central tax dated 23.03.2020

Chandresh Jain (11 Points)
Replied 23 July 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