TMI BlogNet ITC for Refund of accumulated ITCX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear experts, Kindly suggest whether ITC of Trans-1 (filed in July 17) will also be added for calculating Net ITC required in formula of Refund of accumulated ITC of export under LUT. We will rev ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ise the Trans-1 in December also, Further, whether Advances received and debit notes will also be added for calculating Total Turnover of the relevant tax period. - Reply By Ramaswamy S - The R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eply = TRAN-1 can be revised only once. since you had already filed Tran-1 , the cenvat balance as of 30.06.2017 is already transferred. If the balance is still available for utilisation, then ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it can be utilised for payment of IGST on exports - Reply By CS SANJAY MALHOTRA - The Reply = NET ITC is for relevant period for which the refund claim is filed. The same does not include TRANS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -1 credit as per the existing provisions. The matter has been taken up, but none seems to be positive in this. - Net ITC for Refund of accumulated ITC - Query Started By: - Narendra Soni Dated:- 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -12-2017 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagemen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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