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.
\nQ2. Our is a company having two unit i A & B in different state and engaged in the manufacturing same goods in<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ere is no payment done for transaction done between them. In such case it is difficult to comply the payment provision. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" 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 – GSTGot 6 RepliesGSTQ1 Export was made in the month of July 2017 under advance authorisation scheme and also availed ITC in respect of goods purchased during the … Continue reading “Refund of accumulated ITC in case of export under LUT”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-11786","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/11786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11786"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/11786\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nReply By BalKrishan Rakheja:
\nThe Reply:
\nPlease 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?.
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nAs per provision in GST Act the department 's contention seems appropriate .
\nReply By YAGAY and SUN:
\nThe Reply:
\nYes, Department has legitimate right to issue SCN and raise Demand along with interest.
\nReply By BalKrishan Rakheja:
\nThe Reply:
\nThanks ever<\/p>\n
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