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Ramya Bhat   06 May 2021

Refund gst

In case of gst refund without payment of Igst...
if turnover of export goods amended defination Is 100
turnover of export of servises 200
turnover as per domestic supply of goods is 400
turnover of domestic supply of servises is 300
what will be the adujsted turonver as per the cirular no 147...notification no 16/2020
pls help me

 6 Replies

Pankaj Rawat

Pankaj Rawat (GST Practitioner)     07 May 2021

In term of Circular 147 , R/w Notification 16/2020 CT amending rule 89(4)
In your case the adjusted turnover will be 1000()

1. Your Domestic supply of Goods is 400/- & 1.5 times of 400 comes to 600/- & the export value for goods is 100. hence the value for Zero rates supply will take. as whichever is lower & that is 100/-

2. Your domestic supply of services is 300/- & 1.5 time of 300/- comes to 450/- hence your zero rated supply of services will 200/-

Actually in your case your domestic supply is much more in value then the value of export , so computing adjusted turnover with new formula does not make any changes.

Now let's take your example with little variation of export & domestic supply in value .
Domestic Supply:
value per pcs 10/- & number of pcs supplied 100 , hence your domestic supply will comes to 100/-
Export Supply :
Value per pcs 20/- & number of pcs exported 100 , hence value of Export comes to 200/- (20×10)

Now applying new amended formula will be : 1.5 X 100 = 150 , whereas you export value is 200 , so in the case the value export will taken as 150/- (whichever is lower) & in this case your adjusted turnover will be 250(100+150)
Formula : Net ITC X 150÷250

hope I make you understand the new amended rule 89(4) of CGST Act
Pankaj Rawat

Pankaj Rawat (GST Practitioner)     07 May 2021

** Sorry kindly read Number pcs 10 not 100

1 Like
Mazhar Khan

Mazhar Khan   07 May 2021

Mazhar Contracts
1 Like
Ramya Bhat

Ramya Bhat   07 May 2021

In case of adujsted turnover can I take domestic supply of servises and export of servises...along with goods...
Pankaj Rawat

Pankaj Rawat (GST Practitioner)     07 May 2021

Yes you can ....... Only exempt supply is excluded


Ramya Bhat

Ramya Bhat   07 May 2021

Thank you so much

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