Refund under GST includes tax reclaimed for exports, inputs used in exports, and unutilized input tax credit. Refund under the Model GST Law encompasses tax on goods or services exported out of India and tax on inputs or input services used in exported goods or ... Summary
Refund under GST includes tax reclaimed for exports, inputs used in exports, and unutilized input tax credit.
Refund under the Model GST Law encompasses tax on goods or services exported out of India and tax on inputs or input services used in exported goods or services; it also includes tax on supplies regarded as deemed exports and refund of unutilized input tax credit under the statutory refund mechanism.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.