Refund on export of service

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..... The dealer is dealing with 100% export of services.Thereis is un-utilised IGST ITC which the dealer claimed refund on export of services.Export Payments for export of services are received in subsequent month. Dealer applied refund for two months where there is Export Turnover and refund. As per the formula Net refund (A) =Net itc (B) XT.o of zero rated supply of goods (C) + T.o of zero rated supp .....

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..... ly of services (D) / Devided by Adjusted total turnover (E) (b).The Assessing authority interpreted rule 89 (4) (E) (b) and treated the services supplied for export for which considering is pending receipt as Non-zero rated supply of services as a result the quantum of refund is significantly reduced. Please provide if there are any notifications /clarifications/ Case laws in this regard. - .....

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..... Reply By KASTURI SETHI - The Reply = Case laws or any other authority can be traced out only if you intimate the basis of 'non-zero rated supply of service' . - Reply By Shilpi Jain - The Reply = It should not be treated as non-zero rated supply. A particular trunover which would become a zero rated supply on receipt of consideration cannot be given different treatments at different .....

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..... points of time. It is either zero-rated or non-zero rated. Until the time exists to receive the consideration it cannot be treated as a non-zero rated supply. Sometimes department needs to use common sense also to understand and everything cannot be shown by way of a circular or notification or a case law!! - Reply By Ganeshan Kalyani - The Reply = I agree with the views of both the experts. .....

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..... - Refund on export of service - Query Started By: - samanthapudi venkaiah Dated:- 28-7-2021 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 .....

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