Adjusted Total Turnover for ITC refund calculation
Query (Issue) Started By: – Narendra Soni Dated:- 9-5-2018 Last Reply Date:- 10-5-2018 Goods and Services Tax – GST
Got 3 Replies
GST
Kindly suggest, whether sale value of below mentioned items will be included in" Adjusted Total turnover" for claiming refund of ITC accumulated on export of goods\/services under Bond\/LUT, in its formula:-
\n1.Sale of MEIS (Duty credit scrip issued by DGFT as incentive on export) on which GST rate is 0% (NIL rated)
\n2.Sale of Waste & Scrap of fire woods on which GST rate is 0% (NIL rated).
\nKindly suggest at the earliest.
\nReply By YAGAY and SUN:
\nThe Reply:
\nIn our view there is no such need as first point relate to post export activity <\/p>\n
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