Refund against Advance License

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..... Refund against Advance License
Query (Issue) Started By: - Mitresh Vaghela Dated:- 12-5-2020 Last Reply Date:- 25-5-2020 Goods and Services Tax - GST
Got 5 Replies
GST
Dear Sir, We claim refund under inverted duty structure. We reduce it by Input service, and Capital goods. Questions is, To reduce further above amount by, filling refund application separately for purchases made ag .....

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..... ainst, 1. Export with payment of GST 2. Export without payment of GST Thanking You Reply By YAGAY andSUN: The Reply: In our view, if you had paid IGST while importing of goods after utilization of Advance Authorization, then, only you can export of F.G. on payment of IGST, otherwise not. it is now settled legal position. Reply By Mitresh Vaghela: The Reply: Sir, Purchase 12% Sale 18% and .....

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..... 12% For 12% Sale we go for inverted. For export without gst, we go for proportionate itc refund. Question is for export with gst, we get refund from icegate of igst. Additionaly, can we claim purchases made against advance license local gst charged. Or that is available only when export is without gst? Reply By YAGAY andSUN: The Reply: Refund on inverted duty structure but on what basis you w .....

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..... ill file application for refund. Reply By CAVenkataprasad Pasupuleti: The Reply: If you are making purchase without GST under Advance authorization in terms of Notification No. Notification No. 48/2017-CT dated 18.10.2017 (for domestic procurements) & Notification No. 79/2017-Customs dated 13.10.2017 (imports), the option of making exports with IGST is not available. Either you can make exports .....

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..... under LUT or forego GST exemption against advance authorisation. Read more at https://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=9033 Reply By YAGAY andSUN: The Reply: We do agree with the reply as submitted by the Expert.
Discussion Forum - Knowledge Sharing .....

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