Refund of accumulated ITC in case of export under LUT
Query (Issue) Started By: – BalKrishan Rakheja Dated:- 14-5-2018 Last Reply Date:- 16-5-2018 Goods and Services Tax – GST
Got 6 Replies
GST
Q1 Export was made in the month of July 2017 under advance authorisation scheme and also availed ITC in respect of goods purchased during the month of JULY 2017 whether I can claim refund of unclaimed ITC for the period of JULy 2017 in case I exported the goods under advance authorisation licence .The goods under advance authorisation were imported prior to GST regime and the same were used for export in the month of July 2017.
Q2. Our is a company having two unit i A & B in different state and engaged in the manufacturing same goods in
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ere is no payment done for transaction done between them. In such case it is difficult to comply the payment provision.
Reply By BalKrishan Rakheja:
The Reply:
Please refer to Querry No.2. Now the department is going to issue SCN in case of refund of accumulated ITC which was accumulated due to export under LUT , as we have not paid the payment to our other manufacturing unit as per povisions of ITC. Whether deptt's contention is correct?.
Reply By Ganeshan Kalyani:
The Reply:
As per provision in GST Act the department 's contention seems appropriate .
Reply By YAGAY and SUN:
The Reply:
Yes, Department has legitimate right to issue SCN and raise Demand along with interest.
Reply By BalKrishan Rakheja:
The Reply:
Thanks ever
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