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gst refund on deemed export, Goods and Services Tax - GST

Issue Id: - 114571
Dated: 1-2-2019
By:- Pabitra Basak
gst refund on deemed export

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Respected Sir / Madam,

Suppose I have purchased Raw Material worth ₹ 10,00,00,000.00 G.S.T. rate 5 % therefore input G.S.T. is ₹ 50,00,000.00 now i have sold goods worth ₹ 5,00,00,000.00 for ₹ 7,50,00,000.00 as domestic sale G.S.T. rate 5 % and goods worth Rs. 50,00,000.00 for Rs 7,50,00,000.00 as deemed export rate 0.1 %. Therefore my total output G.S.T. stands for ₹ 37,50,000.00 for domestic and ₹ 75,000.00 for deemed export. My question is whether i am eligible refund of remaining input G.S.T. or not and if i am eligible for refund then under which scheme am i eligible for refund i.e. whether refund under unutilised credit or under inverted tax structure. How much amount i can claim for refund and what will be the calculation. Please help by giving your precious advice in details

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Showing Replies 1 to 4 of 4 Records

1 Dated: 1-2-2019

You would able to claim the full ITC. However, the merchant exporter would be required to provide you the documentary evidence of final export of goods.

2 Dated: 1-2-2019
By:- Spudarjunan S

Dear Sir,

Kindly clarify whether you are engaged in Merchant Export Transaction as per notification no.40/2017 C.T(R) dated 23rd October 2017 / 41/2017 I.T(R) dated 23rd October 2017. If so you can go for refund under Rule 89 (4B) of CGST rules.

You will get refund of input and input services used for making such supplies.

3 Dated: 1-2-2019

You are eligible for refund as inverted dutyd. PL refer circular No 37/11/2018 Para 13


4 Dated: 3-2-2019

I endorse the views of Shri Sharad


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