ADJUSTED TOTAL TURNOVER FOR REFUND OG GST ON EXPORT OF GOODS UNDER LUT

Fazil Ahmad (Article Assistant) (80 Points)

15 June 2020  

PLEASE HELP ME IN CALCULATING FIGURES FOR STATEMENT 3A FOR CLAIMING GST REFUND OF ACCUMULATED ITC ON ACCOUNT OF EXPORT OF GOODS UNDER LUT, FIGURES ARE AS FOLLOWS:

DOMESTIC COLD STORAGE SERVICES PROVIDED - RS. 64,30,000/-  (CGST & SGST - RS. 5,78,700/- @ 9% EACH)

EXPORT SALES OF GOODS - RS. 11,23,56,351/-

SALE OF NIL RATED/EXEMPT GOODS - RS. 78,26,355/-

 

AS PER ME CALCULATION OF STATEMENT 3A is as Follows:

Zero Rated Turnover - Rs. 11,23,56,351/-

Adjusted Total Turnover - Rs. 11,23,56,351/- (As cold storage services provided by the company only uses Electricity and there is no input in Electricty Bill)

Please help if my calculation is correct or incorrect.