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Refund claimed by the recipient of supplies regarded as deemed export - GST Ready Reckoner - GSTExtract ..... aim needs to be filed within 2 years from this date. read with Circular No. 166/22/2021-GST dated 17th Nov, 2021 Q4 Whether relevant date for the refund of tax paid on supplies regarded as deemed export by recipient is to be determined as per clause (b) of Explanation (2) under section 54 of CGST Act and if so, whether the date of return filed by the supplier or date of return filed by the recipient will be relevant for the purpose of determining relevant date for such refunds? On perusal of the above, it is clear that clause (b) of Explanation (2) under section 54 of the CGST Act is applicable for determining relevant date in respect of refund of amount of tax paid on the supply of goods regarded as deemed exports, irrespective of the fact ..... x x x x x Extracts x x x x x Refund claimed by the recipient of supplies regarded as deemed export - GST Ready Reckoner - GST x x x x x Extracts x x x x x ..... pient of deemed export supplies that no input tax credit on such supplies has been availed of by him. An undertaking by the recipient of deemed export supplies that he shall not claim the refund in respect of such supplies and the supplier may claim the refund. The procedure regarding procurement of supplies of goods from DTA by Export Oriented Unit (EOU) / Electronic Hardware Technology Park (EHTP) Unit / Software Technology Park (STP) Unit / Bio-Technology Parks (BTP) Unit under deemed export needs to be complied with. In case the refund is filed by the recipient of deemed export supplies an undertaking by the supplier of deemed export supplies that he shall not claim the refund in respect of such supplies is also required to be furnished ..... x x x x x Extracts x x x x x Refund claimed by the recipient of supplies regarded as deemed export - GST Ready Reckoner - GST x x x x x Extracts x x x x x ..... emed exports would be subjected to provisions of Section 17 of the CGST Act, 2017. Clarification :- The refund in respect of deemed export supplies is the refund of tax paid on such supplies. However, the recipients of deemed export supplies were facing difficulties on the portal to claim refund of tax paid due to requirement of the portal to debit the amount so claimed from their electronic credit ledger. Considering this difficulty, the tax paid on such supplies, has been made available as ITC to the recipients vide Circular No. 147/03/2021-GST dated 12.03.2021 only for enabling them to claim such refunds on the portal. The ITC of tax paid on deemed export supplies, allowed to the recipients for claiming refund of such tax paid, is not IT ..... x x x x x Extracts x x x x x Refund claimed by the recipient of supplies regarded as deemed export - GST Ready Reckoner - GST x x x x x Extracts x x x x x
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