if 50% local sale and 50% export out of India against LUT sales. can we claim full igst paid on imports used in both sales or only 50%? i feel only 50% of total igst paid in imports (that can be said that were used in exports out of india) should be claimed as gst refund. am i wrong? regards, ca kunjan, mumbai..
Recently the Central Board of Indirect Tax and Customs (CBIC) has issued a clarification related to Refund of ITC under form GSTR 2A. We'll quickly go through the history of in brief. IN BEGINNING: The refund was being granted in respect of all credits availed. The credit availed also includes the missing invoices (not reflected in GSTR-2A) which were uploaded by applicant in refund application on GST Portal. The applicant was also able to avail credit in respect of RCM, ISD,..