https://www.taxtmi.com/forum/issue?id=113625 Refund is computed by apportioning available credit: refund = (total export turnover x Net ITC available after adjusting against local supply) / total turnover (exports plus domestic supplies). The apportioned amount must be reconciled with the credit ledger; if the ledger equals that amount the exporter is eligible for the refundable percentage. If input tax credit is instead used to discharge domestic output liability and the credit ledger is reduced to nil, there is no refundable balance for exports. en-us Mon, 16 Apr 2018 13:13:58 +0530 Thu, 23 Jan 2025 15:55:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113625 Refund is computed by apportioning available credit: refund = (total export turnover x Net ITC available after adjusting against local supply) / total turnover (exports plus domestic supplies). The apportioned amount must be reconciled with the credit ledger; if the ledger equals that amount the exporter is eligible for the refundable percentage. If input tax credit is instead used to discharge domestic output liability and the credit ledger is reduced to nil, there is no refundable balance for exports. Discussion-Forum GST Mon, 16 Apr 2018 13:13:58 +0530 https://www.taxtmi.com/forum/issue?id=113625