I have 2 queries
1. Whether export(LUT) included in Turnover of inverted duty structure
2. if common inputs used for outward supply of higher rate & lower rate then computation of refund
5 Replies
PC Sharma
(66 Points)
Replied 07 December 2019
Export is not exempted from gst, its zero rated supply, so it should be included in inverted tax structure. if u don't find any answer , i am going to clarity it .
CA Arun Chhajer
(GST Faculty @ Ministry of MSME Govt of India)
(2813 Points)
Replied 08 December 2019
Reply to
Q. No 1 - The Export (whether on LUT or on payment of IGST) will be added in you agreegate Turnover as defined in Section 2(6) of CGST Act.
Q No 2 - It will be used proportionate to the Turnover of Inverted Duty Structure.
Elizabeth Devadas
(37 Points)
Replied 09 December 2019
Thank you for valuable reply.
My query is while considering Inverted Duty structure turnover should I consider turnover of Exports (LUT )
My query is while considering Inverted Duty structure turnover should I consider turnover of Exports (LUT )
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