DECLARATION UNDER NOTFN 16/2020 (CT) FOR CLAIMING GST REFUND ON EXPORTS

[CHANDRU RAMACHANDRAN]

As per Central Tax Notification 16/2020, the turnover declared for zero rated value of exports should be 1.5 times of the value of similar product sold in domestic market (or) the actual value of export whichever is less. Understand that dept., is seeking a Declaration from the refund applicant to process the claim application. The Notification given by the Board does not hold any format attached. I request the experts or regular refund applicants, who has such declaration format, to share the same over here.

[Shilpi Jain]

The Format is nothing very technical.You can just have a letter which states to whomsoever it may concern and mention there in the declaration required which can be as per the provision which is there in the law in the rules

AI Summary

Guidance on GST Refund Claims for Exports under Central Tax Notification 16/2020: Simple Declaration Format Explained A user inquired about the process for claiming a GST refund on exports under Central Tax Notification 16/2020, which requires a declaration stating that the turnover for zero-rated exports is 1.5 times the value of similar domestic sales or the actual export value, whichever is less. The user noted the absence of a prescribed format for this declaration and sought assistance from others who have experience with such declarations. A respondent advised that the declaration format is straightforward and can be written as a general letter addressing the necessary legal provisions.