Refund of deemed export tax: recipients may claim refunds while availing ITC, with portal debit to prevent dual benefit. Recipients of deemed export supplies may claim refund of tax paid while availing ITC; the portal requires debit from the electronic credit ledger when refund of ITC is claimed to prevent dual benefit, and paragraph 41 of the earlier circular is modified to require prescribed undertakings and supplier/recipient declarations. The relaxation permitting filing refund applications for misclassified zero-rated supplies in GSTR-3B is extended to the revised period subject to aggregate declaration limits. For refunds under the statutory formula, the value of zero-rated/export goods included in Adjusted Total Turnover must follow the amended capped definition of turnover of zero-rated supply of goods.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Refund of deemed export tax: recipients may claim refunds while availing ITC, with portal debit to prevent dual benefit.
Recipients of deemed export supplies may claim refund of tax paid while availing ITC; the portal requires debit from the electronic credit ledger when refund of ITC is claimed to prevent dual benefit, and paragraph 41 of the earlier circular is modified to require prescribed undertakings and supplier/recipient declarations. The relaxation permitting filing refund applications for misclassified zero-rated supplies in GSTR-3B is extended to the revised period subject to aggregate declaration limits. For refunds under the statutory formula, the value of zero-rated/export goods included in Adjusted Total Turnover must follow the amended capped definition of turnover of zero-rated supply of goods.
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