Question
Mr. H is an exporter. He exports machinery out of India and pays 28% IGST. He wants to know the procedure for the claim and
Mr. H is an exporter. He exports machinery out of India and pays 28% IGST. He wants to know the procedure for the claim and granting of a refund of IGST paid on goods exported out of India. His accountant has advised him to export machinery without payment of IGST and claim a refund of an unutilized input tax credit. Is it possible, if yes, how?
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The detailed answer for the above question is provided below Export on payment of Tax In terms of Rule 96 of the CGST Rules a shipping bill filed by an exporter of goods shall be deemed to be an appli...
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Financial Accounting A Critical Approach
Authors: John Friedlan
4th edition
1259066525, 978-1259066528
