Dear sir/Madam
please clarify me about refund of Gst. we are partnership firm exporting and importing of ready made garment. we are exporting under Lut bond and we are claiming duty draw back of 2% .
Could we claim Gst refund?
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Refund of Gst
Replies (3)
Hello
As you say , that you are exporting under LUT , i understand that you are not paying IGST. So where is the question of claiming GST refund.
and duty drawback provisons are under custom s act.
Moreover you can refer Return RFD 01 for the types of refund as of now in GST.
Thank s
As you say , that you are exporting under LUT , i understand that you are not paying IGST. So where is the question of claiming GST refund.
and duty drawback provisons are under custom s act.
Moreover you can refer Return RFD 01 for the types of refund as of now in GST.
Thank s
Sir,
as per my understanding of law,
an exporter who is opted to export under bond/LUT can get the refund under 54(3)(i) of CGST act.
Central government while passing notification 55/2017 central tax dated 15-11-2017, all the refund processes are made manually by insertion of new rule (97A) under CGST rules.
There is no question of not getting refund in your case.
but you has to put an application in GST-RFD-1A manually with respective authorities.
Thanks
Hello Mr Sridhar
If you could clarify that are you referring to refund of ITC or the Refund of GST paid on Exports made.
Agreed with Mr vamshi that as of now w.r.t circular the refund procedure is made manually.
If you could clarify that are you referring to refund of ITC or the Refund of GST paid on Exports made.
Agreed with Mr vamshi that as of now w.r.t circular the refund procedure is made manually.
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