Goods and Services Tax – Started By: – unni kv – Dated:- 16-11-2017 Last Replied Date:- 17-11-2017 – Sir, We are the exporter without payment of duty (against LUT). We are availing draw back with lower rate against each export shipment. Now my question is since our local sales volume is very low, the output tax liability is limited and as a result ITC is accumulated in the Electronic Credit Ledger. We were filed GSTR 3B till October 2017 alongwith making payment of ITC on RCM also. My question is whether we can claim for refund of credit balances lying in Electronic Credit Ledger in view of claiming drawback with lower rate (i.e 1 to 2%) through RFD-1A ? regards – Reply By KASTURI SETHI – The Reply = If your ITC is accumulated because of e
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