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REFUND ON DEEMED EXPORT


Pallavi P (Job)     02 April 2020

Pallavi P
Job 
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Which amount is refunded to supplier of deemed export if receipient doesnt take ITC .... is it IGST Paid on deemed export or Unutilised ITC on Inputs Used in making supplies ??

Is such supply is Turnover under rule 89(4A) which is not included in adjusted total turnover ??

If we received supplies as deemed exports & availed ITC on it , we will get refund of that ITC. do we have to exclude such ITC while calculating NET ITC ??

Pankaj Rawat

Pankaj Rawat (GST Practitioner)     03 April 2020

Pankaj Rawat
GST Practitioner 
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1. As per Circular 14/14/2017 GST Read with Section 54: Refund can claim on IGST paid on deemed Export (subject to condition that Receptient has refused to take Refund)


2. Yes Net ITC does not include the ITC for which refund is claimed under Sub rule (4A) or 4(B) of Rule 89 of CGST Act.
Pallavi P

Pallavi P (Job)     03 April 2020

Pallavi P
Job 
 8 likes  129 points

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THANK YOU SIR FOR THE REPLY

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Pankaj Rawat

Pankaj Rawat (GST Practitioner)     04 April 2020

Pankaj Rawat
GST Practitioner 
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Supplier of Deemed Export is also eligible to claim refund on account of Inverted Duty Structure .(refer s.no.59 ,of circular 125/44/2019 GST)

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