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Reversal of Gst in case of exports

8 Replies

MOHIT JOSHI (229 Points)
Replied 20 March 2021

I think you have to claim refund of IGST paid on export of sale. if you had taken ITC of goods exported

1 Like

TRENDING VIDEOS (24 Points)
Replied 20 March 2021

Okay got this but my doubt is when are reversals made for itc in gate 3b ?

MOHIT JOSHI (229 Points)
Replied 20 March 2021

If u claim refund if IGST paid then no requirement for reverse ITC in 3b

1 Like

TRENDING VIDEOS (24 Points)
Replied 20 March 2021

Is there an option to not pay IGST on export and not to claim refund on the same ?

MOHIT JOSHI (229 Points)
Replied 20 March 2021

Yes, there is way if you haven't claim the ITC then don't pay IGST claim refund of ITC by filing rfd-01, you can export the goods by furnishing letter of undertaking (lut)

1 Like

TRENDING VIDEOS (24 Points)
Replied 20 March 2021

But even after filing lut .....no output tax (IGST) Payable so no refund need to be claimed

itc for inputs can be availed right ?

MOHIT JOSHI (229 Points)
Replied 20 March 2021

You can claim refund of IGST or refund of ITC
if you want refund of IGST then claim ITC and pay the IGST FIRST THEN CLAIM REFUND OF IGST BY FILING SHIPPING BII
if you want refund of ITC then don't claim itc BY FILING RFD01