in case of export of goods when is reversal made in gstr-3b
for the itc claimed on such goods which are exported
Menu
Reversal of Gst in case of exports
Replies (8)
Quick Summary
I think you have to claim refund of IGST paid on export of sale. if you had taken ITC of goods exported
Okay got this but my doubt is when are reversals made for itc in gate 3b ?
If u claim refund if IGST paid then no requirement for reverse ITC in 3b
Is there an option to not pay IGST on export and not to claim refund on the same ?
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)
But even after filing lut .....no output tax (IGST) Payable so no refund need to be claimed
itc for inputs can be availed right ?
itc for inputs can be availed right ?
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
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
Got it if I claim itc no need to do other procedures like take lut don't pay IGST nor claim refund of IGST as you had taken LUT👍
Recent Topics :
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
Related Topics :
CAclubindia
