Goods and Services Tax

GST Refund in case of Service Export

GST – Started By: – DEEPAK J – Dated:- 11-1-2019 Last Replied Date:- 17-2-2019 – Hello, We are into business of services providing in India and outside India. We have taken input credit of ₹ 50 Lacs from Service Tax to GST by Tran 1. As we have less supply of services in india, Service Tax input which is taken in GST and GST input from july 2017 to present is accumulated in our gst credit account. 1) Can we claim refund of Service Tax Input which is taken GST by Tran 1 amount of ₹ 90 Lacs? 2) As per GST law, it says file refund with IFRC/BRC no in case of export of service of accumulation of ITC. Can we file with transaction advice ( it includes details of inward remittance) instead of IFRC/BRC because as per bank, IFRC is issu

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nd defines the same as input tax credit availed on inputs and input services during the relevant period other than the input tax credit availed for which refund is claimed under sub-rules (4A) or (4B) or both . It is clarified that as the transitional credit pertains to duties and taxes paid under the existing laws viz., under Central Excise Act, 1944 and Chapter V of the Finance Act, 1994, the same cannot be said to have been availed during the relevant period and thus, cannot be treated as part of Net ITC . – Reply By KASTURI SETHI – The Reply = Query-wise reply is as under: 1. I am of the view that you must file two refund claims. One for ₹ 50 lacs and Second for ₹ 40 lacs pertaining to pre-GST period and Post-GST period resp

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