Refund of ITC

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... We have procured services in the month of July on which GST has been paid but export bill has been raised in the month of August and no sale was made in the month of July. At the time of filing of refund application of ITC for the month of July, refund amount comes out to be zero because of the reason that there was no sale in July. Is there any solution to claim refund of such ITC amount ??? .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... - Reply By KASTURI SETHI - The Reply = Apply for refund manually to jurisdictional Assistant Commissioner/ Deputy Commissioner, GST Division. I am sure you will get refund. - Reply By CS SANJAY MALHOTRA - The Reply = Dear Rohit, This is one of the major anomaly which has been represented to GST council but nothing favourable has come out so far. As per the formulae prescribed in Refund rules, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... your eligibility stands at Nil at present. - Reply By Harish Kohli - The Reply = Dear Rohit There will be no use going to Jurisdictional authority as they do not have any procedure of granting refund of IGST on exports. Also they donot have any procedure laid down by which they can generate scroll(payment) in case of refund of ITC. My advice to you will be to write to GST council - Refund .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of ITC - Query Started By: - ROHIT GOEL Dated:- 16-1-2018 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X