Net ITC for Refund of accumulated ITC

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....et ITC for Refund of accumulated ITC<br> Query (Issue) Started By: - Narendra Soni Dated:- 1-12-2017 Last Reply Date:- 1-12-2017 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>Dear experts, ....

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....Kindly suggest whether ITC of Trans-1 (filed in July 17) will also be added for calculating Net ITC required in formula of Refund of accumulated ITC of export under LUT. We will revise the Trans-1 in ....

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....December also, Further, whether Advances received and debit notes will also be added for calculating Total Turnover of the relevant tax period. Reply By Ramaswamy S: The Reply: TRAN-1 can be revise....

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....d only once. since you had already filed Tran-1, the cenvat balance as of 30.06.2017 is already transferred. If the balance is still available for utilisation, then it can be utilised for payment of ....

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....IGST on exports Reply By CS SANJAY MALHOTRA: The Reply: NET ITC is for relevant period for which the refund claim is filed. The same does not include TRANS-1 credit as per the existing provisions. ....

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....The matter has been taken up, but none seems to be positive in this.<br> Discussion Forum - Knowledge Sharing ....