Home Forum Goods and Services Tax - GST Month 9 2021 2021 (9) This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Refund on zero rated supply - Goods and Services Tax - GSTExtract I have received input for making final goods to export. On such inputs I have paid IGST worth of Rs, 50 lacs approx. The gross invoice value of inputs are more than 4 crore Rs. After preparing final goods, I have issued an Invoice of such goods for export. The outward supply invoice value is approx 2.12 Crore.After completing all the procedures for export ane exportation of goods, I filled RFD-1 to the department claiming refund of ₹ 50 lacs as I paid IGST on inward supply. Department's view is, because the amount if ITC is not reflecting in ledger they are unable to process the refund, further they also said that the amount of refund claim is higher than the the invoice value of exported goods. Please guide what we have to do further and what are the procedures for filing a refund in case of zero rated supply.
|