gst refund on deemed export

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....st refund on deemed export<br> Query (Issue) Started By: - Pabitra Basak Dated:- 1-2-2019 Last Reply Date:- 3-2-2019 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>Respected Sir / Madam, Suppose I have purchased Raw Material worth &#8377; 10,00,00,000.00 G.S.T. rate 5 % therefore input G.S.T. is &#8377; 50,00,000.00 now i have sold goods worth &#8377; 5,00,00,000.00 for &#8377; 7,50,00,0....

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....00.00 as domestic sale G.S.T. rate 5 % and goods worth Rs. 50,00,000.00 for Rs 7,50,00,000.00 as deemed export rate 0.1 %. Therefore my total output G.S.T. stands for &#8377; 37,50,000.00 for domestic and &#8377; 75,000.00 for deemed export. My question is whether i am eligible refund of remaining input G.S.T. or not and if i am eligible for refund then under which scheme am i eligible for refund ....

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....i.e. whether refund under unutilised credit or under inverted tax structure. How much amount i can claim for refund and what will be the calculation. Please help by giving your precious advice in details Reply By YAGAY andSUN: The Reply: You would able to claim the full ITC. However, the merchant exporter would be required to provide you the documentary evidence of final export of goods. Reply....

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.... By Spudarjunan S: The Reply: Dear Sir, Kindly clarify whether you are engaged in Merchant Export Transaction as per notification no.40/2017 C.T(R) dated 23rd October 2017 / 41/2017 I.T(R) dated 23rd October 2017. If so you can go for refund under Rule 89 (4B) of CGST rules. You will get refund of input and input services used for making such supplies. Reply By SHARAD ANADA: The Reply: You ar....

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....e eligible for refund as inverted dutyd. PL refer circular No 37/11/2018 Para 13 Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of Shri Sharad<br> Discussion Forum - Knowledge Sharing ....