dear all
IGST cr availed against import RM . and export RM . is require to reversal IGST
4 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 01 June 2021
It might require to reverse
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 01 June 2021
Where you have exported the same goods after importing such export will be treated as supply. You can either pay gst on such export utilising your ITC and will be refunded the GST amount paid including ITC utilised.
Or you can export under LUT and claim refund of ITC.
For further clarification you can mail me.
CA Subhankar Basu
(Chartered accountant )
(318 Points)
Replied 02 June 2021
If you did export with paying igst after netting off igst credit ,then such igst which is you paid through electronic cash ledger can claim refund
if you did zero rate supply under bond,then claim refund of igst credit
if you did zero rate supply under bond,then claim refund of igst credit
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