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niloy sanyal (account manager) (777 Points)

01 November 2017

In Previous month (i.e. Oct,2017) we Export Material from lndia to Bangaladesh which Invoice details is given belown-

Invoice No: 005

Date:06/10/2017

Taxable Value(INR): 4,68,397.00 (i.e US$ 7150.00)

TAX (IGST @ 18%) : 84311.46

Total Invoice Value: 552708.46

Note: NA LTU/Bond, Our Turnover below (F.y. 2016-17) below 1.50 crore

Question is Can we pay IGST Tax for the month of Oct,2017 and claim Refund or which is the process.

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2 Replies

Prity Agarwal (CHARTERED ACCOUNTANT) (363 Points)
Replied 01 November 2017

Incase of export of goods there are two processes:

1. Without making any payment of IGST on such outward supply by executing Letter of Undertaking (LUT) or,

2. Claim refund of the IGST on the outward supply by debit to "electronic credit ledger" but without collecting this tax from the recipient.

niloy sanyal (account manager) (777 Points)
Replied 04 November 2017

Thanks Prity Madam

We already paid IGST Rs. 84312.00 in GST Website & Export Details submitted in GSTR3B Oct,2017 return OUTRWARD TAXABLE SUPPLY (ZERO RATED) column.

Now our question is For IGST TAX REFUND PURPOSE can we fillup TABLE 6A OF FORM GSTR1 month of Oct,2017...................................

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