Deemed exports: revised reporting and refund requirements for zero rated supplies and ITC related refunds under GST. Amendments amend Goa GST Rules effective 21 December 2017 to revise FORM GSTR 1 Table 6 to distinguish exports, supplies to SEZ and deemed exports with invoice and tax breakdowns; modify FORM GST RFD 01 and RFD 01A to replace 'Recipient of deemed export' with 'Recipient of deemed export supplies/Supplier of deemed export supplies'; insert Statement 1A for refunds of ITC accumulated due to inverted tax structure and Statement 5B for refunds on account of deemed exports; and substitute declaration and undertaking text addressing claims by recipient or supplier and repayment obligations.
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Deemed exports: revised reporting and refund requirements for zero rated supplies and ITC related refunds under GST.
Amendments amend Goa GST Rules effective 21 December 2017 to revise FORM GSTR 1 Table 6 to distinguish exports, supplies to SEZ and deemed exports with invoice and tax breakdowns; modify FORM GST RFD 01 and RFD 01A to replace "Recipient of deemed export" with "Recipient of deemed export supplies/Supplier of deemed export supplies"; insert Statement 1A for refunds of ITC accumulated due to inverted tax structure and Statement 5B for refunds on account of deemed exports; and substitute declaration and undertaking text addressing claims by recipient or supplier and repayment obligations.
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