Goods and Services Tax – Started By: – TAHA CHECHATWALA – Dated:- 6-8-2018 Last Replied Date:- 16-8-2018 – Dear All, Our client is providing services to a SEZ unit and accordingly claims refund of GST paid on inputs utilized for the purpose of such services. Our client files its GSTR 1 on monthly basis and accordingly claims refund of tax paid on inputs for that particular month. My query is, if suppose our client provides services in the month of july and made purchases for that purpose but the project does not get completed in july and continues in the month of august. Now in august also our client made some purchases and paid tax on them. Project is completed and sale invoice has been raised in august. Now while making application for r
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
y TAHA CHECHATWALA – The Reply = Thank you experts for your kind reply. – Reply By KASTURI SETHI – The Reply = Dear Querist, My views are as under :- Your client is talking of claim for refund of tax (input tax) on inputs or input services used in making zero- rated supplies and NOT talking of claim for refund of IGST paid on outward supplies to SEZ Unit. Your client is to prove that ITC has been accumulated (unutilised) due to exports or supplies to SEZ Unit and NOT to prove the payment of IGST on outwards supplies. Your client should be concerned with sufficient credit balance during the relevant tax period. There is no requirement of one-to-one correlation of ITC invoice viz-a-viz Tax Invoice. There is no such sword. In view of the above
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
lustration Credit availed in July – total ITC 40,000/- . No outward SEZ supplu invoice raised in July. Credit availed in August – ₹ 70,000/-. Outward sez supply raised in August. So legally assessee is eligible to claim a refund of entire ITC of ₹ 1,10,000/-. However at the time of filing RFD-01A, statement 5A does not allow to enter refund amount more than ₹ 70,000/-. Thus as of now, you can claim refund of only ITC availed in August. Should wait for the portal to be reconfigured. – Reply By TAHA CHECHATWALA – The Reply = Thank You Mr Vijay Singh. We are facing the same problem as illustrated by you. – Reply By Nandan Khambete – The Reply = Refund claim of ITC accumulated in case of Exports and Supply to SEZ for *multiple
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =