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Refund application

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DIPESH SHARMA

138 Points Posted on 13 July 2020

How to calculate refund amount because i am sale export and domestic supply .

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Quick Summary

This discussion addresses how to calculate GST refund amounts when dealing with both export and domestic sales. It covers refunds for tax and interest on exports, inputs used for zero-rated supplies, deemed exports, and unutilised input tax credit (ITC) where output tax is lower than input tax. The user is seeking clarification on the calculation process, especially when some purchased items attract ITC despite selling exempted goods domestically.

Vijayprakash P

1313 Points Posted on 13 July 2020

Refund includes refund of tax and interest paid on 1) Export of goods or services or both. 2) Inputs and input service used in the effecting such zero-rated supplies of goods and services or both 3)Supply of goods regarded as deemed exports 4) Refund of unutilized input tax credit at the end of any tax period in case the rate of tax on output supplies is less than the rate of tax on input.