Refund of GST
Query (Issue) Started By: – BINDLASDUPLUX LIMITED Dated:- 3-9-2018 Last Reply Date:- 6-9-2018 Goods and Services Tax – GST
Got 6 Replies
GST
Dear Sir(s)
\nA Trading company say Mr. X (deals in paper, paper machines etc.) purchased Kraft Paper (IGST @12%) from paper manufacturing company in India.
\nThereafter Mr. X sold the goods to Mr. Y (merchant exporter) under not. no. 41\/2017 Integrated Tax (Rate) Dt. 23.10.2017 charging 0.10 % IGST. Now the merchant exporter Mr. Y export the goods out of India.
\nMy question here is that how Mr. X can claim the IGST which is unutilized.
\nthanks
\nCA Devkant Agarwal
\nReply By DR.MARIAPPAN GOVINDARAJAN:
\nThe Reply:
\nWhether the company is paying any other integrated tax?
\nReply By <\/p>\n
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For full text:-Visit the Source <\/a><\/p>\n
\nHowever he will be eligible for ITC only for (12%-.10% = 11.90%) under refund mechanism.
\nThe calculation for Inverted duty structure in system enabled in GST Portal.
\nRegards
\nReply By BINDLAS DUPLUX LIMITED:
\nThe Reply:
\nthanks
\nReply By Yash Jain:
\nThe Reply:
\nSir,
\nBut do ensure that you fulfill all the conditions as being laid for supply to merchant exporter.
\nRefer the notification for merchandise trade. There are some of the following conditions
\n1. Ensure that goods are exported in 90 days
\n2. Shipping bill should mention ur name.
\n3. You not being manufacturer will not get incentive\/drawback
\n4. Your AO should be give PO by merchant exporter.
\nMany more conditions. Instead charge gst full @12%, and let merchant exporter ta<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n