Refund formula

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bill
38 Points Posted on 21 April 2020
how to get refund agasit export with refund formula
with payment of tax
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On 21 April 2020 at 18:59 Report
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Quick Summary
This discussion clarifies the process for obtaining a refund against exports when opting for the Tax Payment Route. Unlike other methods, no specific formula is applied here. Instead, you can claim a full refund of all taxes paid, provided that the GST payable was correctly calculated based on the FOB (Free On Board) value.

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CHARTERED ACCOUNTANT
371 Points Posted on 30 April 2020
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On 30 April 2020 at 22:48
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GST Consultant
15986 Points Posted on 01 May 2020

In payment of Tax route no formula is used. All that you have paid will be refunded provided GST payable was calculated on FOB value

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On 01 May 2020 at 16:24

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