Export of Goods with Payment of IGST (Apparel)
This query is : Resolved
28 February 2024
I have a doubt regarding Export of Goods with Payment of IGST
Assessee is an Exporter of Apparel products.
They are charging IGST in some invoices stating the fund position as reason.
They are receiving payment from buyer after a month from Invoice date and we have to pay IGST while filing GSTR-3B and claim refund of the same.
What is the reason for charging IGST , because we are paying IGST out of our pocket and claiming refund before receiving the payment from the Buyer
Assessee is an Exporter of Apparel products.
They are charging IGST in some invoices stating the fund position as reason.
They are receiving payment from buyer after a month from Invoice date and we have to pay IGST while filing GSTR-3B and claim refund of the same.
What is the reason for charging IGST , because we are paying IGST out of our pocket and claiming refund before receiving the payment from the Buyer
01 March 2024
In such a case of refund claim, IGST should not be claimed from the buyer.
01 March 2024
I understand that point sir
My query is why are they charging IGST for export even though there is LUT.
Is getting IGST refund(paid by exporter) easier than getting ITC refund, practically?
My query is why are they charging IGST for export even though there is LUT.
Is getting IGST refund(paid by exporter) easier than getting ITC refund, practically?
01 March 2024
Yes, it may be the reason.
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