07 March 2019
Dear experts, Good morning to all... We are production to ready made garment division. And, we are sale to the product of domestics & exports with LUT [without tax]. But, we are purchase the raw materials & job works only for domestics. And, moreover my question is " what is the procedure of INPUT ITC for domestic sale?". Because, Experts sales products raw materials are domestics purchase. Kindly clarify....
07 March 2019
thank you for your reply sir. But, we are not maintained for purchase of domestic & exports for separate. Because, both of domestic & exports purchases & job works are mingled. so, what can i do sir...
07 March 2019
thank you sir.. But, i don't understand sir.. Because, we are take credit ITC for raw material & job work invoices only. There is nothing else besides this. [ including travelling, vehicle, electrical & cash purchase also]
So, anything simple formula sir.
that means for the month Rs.100000/- credit ITC FOR total raw material. we are domestic sold Rs.21,00,000/- @ 5% GST for Rs.105000/- And, Export sold Rs.50,00,000/- without tax for LUT. So, How this problem solve? kindly clarify sir..
07 March 2019
The calculation is 1,00,000 __________*21,00,000 = 29577 71,00,000 Claim ITC 29577 against 5% GST payment and claim balance ITC refund towards export.
And, one more doubt sir. We have raised one export invoice for 20th jan & return filed also. We have return filed for jan'19 in ITC fully claimed for domestic liability. so, we would revised the ITC for feb month return in above calculation method sir.
08 March 2019
Sir, We have domestic purchase ITC received the TAX For IGST -Rs.50000/- , CGST -Rs.25000/-, SGST - Rs.25000/-. Moreover received the tax values for different variations. So, How we are take the taxes? for example only we take IGST Tax or Total taxes [IGST + CGST +SGST] we take and revised the above formula sir.
08 March 2019
ok sir.. But, for example you are mention the calculation of value in ITC Rs.29577/- How is mention the GSTR3B for inward ITC. That is, we are mention IGST or CGST or SGST [or] equal ratio????
08 March 2019
that means, for example... we are mention that GST3B in equal ratio for the following: inward IGST - Rs.9859/- CGST - Rs.9859/-, SGST - Rs.9859/- Then, we claim the balance amount of Rs.100000-29577 = 70423/- the same ratio. [ IGST Rs.23474.30/- CGST Rs.23474.30/+ SGST Rs.23474.30/-] If yes ... how is possible sir.. because CGST ITC for only Rs.25000/-, but the above format totally for CGST [9859 + 23474.3]
16 March 2019
Hai sir good morning, i have take the calculation for that above method in one part of ITC. But not confirm filed in returns. then, balance ITC for your told for refund method. but, not possible in gst portal. Because, we have received the following error in gst refund section." Error : Kindly file refund application for July,August,September,October,November,December,January,February,March 2017-18 and April,May,June,July,August,September,October 2018-19 before filing refund for November 2018-19."
17 March 2019
Thank you for your valuable reply sir... And, i have search the above solution to experts. But, i kindly request for the above problem to solution search in your experts circle. Because, i get anything revise the ITC methods, i will finish this year's knot sir..... So, kindly solution for me sir....
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