Refund rfd 01a

S. RAVICHANDRAN (Finance Professional) (156 Points)

11 February 2018  

SIRS

PLEASE LET ME KNOW HOW TO CLAIM VAT CLOSING ITC TRANSFERED TO GST PORTAL TRAN-1 ON EXPORT OF GOODS AFTER JULY 2017.  THE MATERIALS WHICH PURCHASED BEFORE 1ST JULY 2017 USED FOR EXPORT OF GOODS AFTER GST IMPLEMENTATION.  WHICH FORM SUBMIITED TO AUTHORITIES ( STATE OR CENTRAL).  THE FORMULA WHICH MENTIONED IN GST PORTAL ( 1 X 2 /3) 

JULY MONTH EXPORT IS Rs.700000/-

JULY MONTH DOMESTIC SALES Rs.300000/-

AVAILABLE VAT ITC Rs.450000/-

ADJUSTED TURNOVER MEANS Rs.700000+300000/-  or WHAT

IF ADJUSTED TURNOVER IS Rs.1000000/- THE ELIGIBLE REFUND IS Rs.315000/- IS CORRECT WORKING

PLEASE CLARIFY HOW CLAIM TRANSITION CREDIT IN PREVIOUS LAW (VAT)

REGARDS

S.RAVICHANDDRAN