TaxTMI 
TaxTMI 
Refund on export of service
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....efund on export of service<br> Query (Issue) Started By: - samanthapudi venkaiah Dated:- 28-7-2021 Last Reply Date:- 8-8-2021 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>The dealer is dealing with 100% export of services.Thereis is un-utilised IGST ITC which the dealer claimed refund on export of services.Export Payments for export of services are received in subsequent month. Dealer a....
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....pplied refund for two months where there is Export Turnover and refund. As per the formula Net refund (A) =Net itc (B) XT.o of zero rated supply of goods (C) + T.o of zero rated supply of services (D) / Devided by Adjusted total turnover (E) (b).The Assessing authority interpreted rule 89 (4) (E) (b) and treated the services supplied for export for which considering is pending receipt as "Non....
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....-zero rated supply of services" as a result the quantum of refund is significantly reduced. Please provide if there are any notifications /clarifications/ Case laws in this regard. Reply By KASTURI SETHI: The Reply: Case laws or any other authority can be traced out only if you intimate the basis of 'non-zero rated supply of service' . Reply By Shilpi Jain: The Reply: It should no....
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....t be treated as non-zero rated supply. A particular trunover which would become a zero rated supply on receipt of consideration cannot be given different treatments at different points of time. It is either zero-rated or non-zero rated. Until the time exists to receive the consideration it cannot be treated as a non-zero rated supply. Sometimes department needs to use common sense also to unders....
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....tand and everything cannot be shown by way of a circular or notification or a case law!! Reply By Ganeshan Kalyani: The Reply: I agree with the views of both the experts.<br> Discussion Forum - Knowledge Sharing ....