Net ITC for Refund of accumulated ITC

Goods and Services Tax – Started By: – Narendra Soni – Dated:- 1-12-2017 Last Replied Date:- 1-12-2017 – Dear experts, Kindly suggest whether ITC of Trans-1 (filed in July 17) will also be added for calculating Net ITC required in formula of Refund of accumulated ITC of export under LUT. We will revise the Trans-1 in December also, Further, whether Advances received and debit notes will also be added for calculating Total Turnover of the relevant tax period. – Reply By Ramaswamy S – The Reply =

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