TaxTMI 
TaxTMI 
XYZ had exported goods without payment of GST. They claimed refund of the accumulated ITC on account of continuous exports. The foreign customer in some cases had not paid the amount to XYZ against the supply either fully or partially. Is XYZ required proportionately reverse the refund of ITC claimed to the extent of payment not received from the foreign customer?
ITC Refund
10 Oct 2019 
1 Reply 
921 Views Asked by
Input Tax Credit refund: whether unpaid export receivables require proportionate reversal of claimed ITC refund.
Whether an exporter who supplied goods as zero-rated without charging GST and claimed a refund of accumulated Input Tax Credit must proportionately reverse the refund to the extent the foreign buyer has not paid; the only reply provided refers to an external article on export treatment and offers no direct statutory or procedural analysis on proportional reversal. (AI Summary)
Whether an exporter who supplied goods as zero-rated without charging GST and claimed a refund of accumulated Input Tax Credit must proportionately reverse the refund to the extent the foreign buyer has not paid; the only reply provided refers to an external article on export treatment and offers no direct statutory or procedural analysis on proportional reversal. (AI Summary)
