I had exported goods worth 1,00,000 and paid GST @5% = ₹ 5000, while despatching the goods. Normally, Govt refunds the ₹ 5000 to our Bank Account after the Shipping bill is raised.
My Query is the above goods got returned to me due to a technical reason. I have raised a credit note to my customer. Now, should i pay the ₹ 5000/- to the department?.IF yes, should i pay now or only after i receive the same in my bank?. Where should i mention this in the GSTR Forms,?. Please help
Guidance on GST Refunds for Returned Exports: Pay via DRC-03, Report in GSTR-1 Under Section 9B. A business from Western India inquired about handling GST for exported goods worth 1,00,000, which were returned due to technical reasons. They initially paid 5,000 in GST and typically receive a refund after the shipping bill is raised. The query was whether they should repay the 5,000 to the department and, if so, when and how to report it in GSTR forms. The response advised paying the amount voluntarily through DRC-03 once the refund is credited to avoid interest, and to report it in GSTR-1 under the credit note section 9B for unregistered parties. (AI Summary)
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