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

Input tax credit refund available for deemed exports subject to documentary proof and merchant exporter refund procedure.
A taxpayer making deemed export supplies may claim full input tax credit subject to production of documentary evidence of final export and compliance with the merchant exporter refund procedure permitting refund of inputs and input services used for such supplies. Forum responses also note an alternative basis for refund under the inverted duty structure, indicating two possible refund routes depending on the taxpayer's facts and documentary support.