gst refund on deemed export

[Pabitra Basak]

Respected Sir / Madam,

Suppose I have purchased Raw Material worth ₹ 10,00,00,000.00 G.S.T. rate 5 % therefore input G.S.T. is ₹ 50,00,000.00 now i have sold goods worth ₹ 5,00,00,000.00 for ₹ 7,50,00,000.00 as domestic sale G.S.T. rate 5 % and goods worth Rs. 50,00,000.00 for Rs 7,50,00,000.00 as deemed export rate 0.1 %. Therefore my total output G.S.T. stands for ₹ 37,50,000.00 for domestic and ₹ 75,000.00 for deemed export. My question is whether i am eligible refund of remaining input G.S.T. or not and if i am eligible for refund then under which scheme am i eligible for refund i.e. whether refund under unutilised credit or under inverted tax structure. How much amount i can claim for refund and what will be the calculation. Please help by giving your precious advice in details

AI Summary

Guidance on GST Refunds for Deemed Exports: Eligibility, Required Documentation, and Merchant Export Transaction Clarification. A discussion on a forum addresses a query regarding GST refunds on deemed exports. The individual inquires about eligibility for a GST refund on input tax credit after domestic sales and deemed exports. Four responses provide guidance: one suggests claiming full input tax credit with necessary export documentation; another asks for clarification on the merchant export transaction status, referencing specific notifications and rules for refunds; a third confirms eligibility under the inverted duty structure, citing a relevant circular; and the last response supports the previous advice.