GST Expenses ITC Refund
This query is : Open
27 October 2021
Sir/Mam,
Export with out payment of Tax business Type, If they have chance to claim ITC on Expenses Refund. which expenses can claim refund.
If it is possible what is the procedure.
Thanking you,
Export with out payment of Tax business Type, If they have chance to claim ITC on Expenses Refund. which expenses can claim refund.
If it is possible what is the procedure.
Thanking you,
27 October 2021
ITC refund can be claimed on all expenses related to exports.
Online Procedure To Claim Refund of Input Tax Credit
Step 1: visit the official portal of GST department.
Step 2: Click the Services and select “Application for Refund” tab from the Refund menu.
Step 3: On the next page, select the Refund of ITC on Export of Goods and Services without Payment of Tax option.
Online Procedure To Claim Refund of Input Tax Credit
Step 1: visit the official portal of GST department.
Step 2: Click the Services and select “Application for Refund” tab from the Refund menu.
Step 3: On the next page, select the Refund of ITC on Export of Goods and Services without Payment of Tax option.
Message likes :
1 times
27 October 2021
Thank your sir for your quick reply, Expenses : Freight, Stationery, office expenses , AMC, computer maintenance and Office Assets purchased etc ITC we can claim Refund
27 October 2021
Yes, you can claim refund if you are doing only export business.
Message likes :
1 times
27 October 2021
You are welcome........
02 November 2021
Theoretically, all expenses are eligible for refund claim in case of LUT exports. However, officers generally deny. Better to exclude in the initial working itself than getting it rejected later. Happened for my client so practically this is how it works. The officers are in the excise and service tax regime only where they will refund ITC of inputs/input services only if the same was used for exports. Pathetic!
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
