Refund
This query is : Resolved
22 June 2018
We export services under bond and some domestic supplies.
Can we claim ITC on CG,Inputs and Input services.
Can we claim refund of ITC on CG,Inputs and Input services.
If refund of ITC on CG is not available, then what we are going to do with accumulated balance of ITC on CG
Can we claim ITC on CG,Inputs and Input services.
Can we claim refund of ITC on CG,Inputs and Input services.
If refund of ITC on CG is not available, then what we are going to do with accumulated balance of ITC on CG
23 June 2018
You can take ITC of goods and services used for providing supplies of goods and services.
23 June 2018
ok.
can i take refund of ITC on CG in the case of export
can i take refund of ITC on CG in the case of export
23 June 2018
Yes, you can take ITC of CG.
23 June 2018
hahaha, hey bro atleast read the question carefully before replying on the same.
who makes you expert.
who makes you expert.
23 June 2018
I said that you take ITC, then why do you want to go for refund, Mr. (don't use unnecessary words, mind your words)
23 June 2018
because i am a exporter and export against bond that's why i need refund.
First of all clear your concepts and read my first query very carefully, it states each and every thing.
Sorry for old comment...don't take it seriously.
First of all clear your concepts and read my first query very carefully, it states each and every thing.
Sorry for old comment...don't take it seriously.
23 June 2018
Since you have mentioned that your supplies includes domestic also, I said that you can take ITC. If you have any unutilised ITC, you can go for refund related to export supplies. Please note there may be some faults in understanding the questions sometimes, please explain the same in a proper manner and get answered for your queries. Request you to please don't criticize immediately. Thanks.
23 June 2018
sorry bro....
my query arises because i read in act that exporter can claim refund for Input and Input services only....
thats why i am asking that what will happen to the ITC on CG. will exporter not get refund of the same .
because i am sure that itc of the same is available but if refund is not available than what is the point of geting itc of the same.
i hope u understand my query.
bro realy sorry for my old comment... no hard feelings.
my query arises because i read in act that exporter can claim refund for Input and Input services only....
thats why i am asking that what will happen to the ITC on CG. will exporter not get refund of the same .
because i am sure that itc of the same is available but if refund is not available than what is the point of geting itc of the same.
i hope u understand my query.
bro realy sorry for my old comment... no hard feelings.
23 June 2018
It is OK. I said my opinion about the refund, you can also consider second opinion. Also let me know (if possible) if I'm wrong.
23 June 2018
you mean to say that exporter can get refund of all itc's including itc on cg?
23 June 2018
is there anybody who answer my question:-
We export services under bond and some domestic supplies. Can we claim ITC on CG,Inputs and Input services. Can we claim refund of ITC on CG,Inputs and Input services. If refund of ITC on CG is not available, then what we are going to do with accumulated balance of ITC on CG
Please before answering the query read my question carefully it consist three question.
Thanks
We export services under bond and some domestic supplies. Can we claim ITC on CG,Inputs and Input services. Can we claim refund of ITC on CG,Inputs and Input services. If refund of ITC on CG is not available, then what we are going to do with accumulated balance of ITC on CG
Please before answering the query read my question carefully it consist three question.
Thanks
23 June 2018
please read this article which i have found while finding answer to my query
23 June 2018
i also said the same thing
23 June 2018
https://economictimes.indiatimes.com/topic/refund-of-gst-to-exporters
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