GST refund
Kiran (Partner) (148 Points)
18 October 2019If export of goods is made on payment of GST, the tax liability is written off with existing ITC, the same is processed by customs and the GST will be refunded accordingly,
now what is the treatment of the refund of IGST in P&L a/c, should it be treated as indirect incomes, just as we treat duty drawback received
please clarify
thanks
shashi kiran