GST REFUND IN EXPORTS - HOW GST WORKS IN EXPORT?

[@BasharathAli-p9b]

Really Mr shah is very knowledgeable and helping..

[@pratishthakur5042]

This is one of the best video I have seen in recent time on GST return. Very practical and very simple. Thank you very much for such valuable information.

[@sachinkushwah2240]

Fully described information very easily 😊

[@Mohammed_Ismail007]

Wonderful explanation 👏

[@pradeepsworld20]

Very valuable information 🎉🎉

[@bapisaha4422]

Very helpful video..thank u so much

[@KS-pw9uo]

very knowledgeable video sir

[@AvinashKumar-vr4zw]

😮😅😅😅😅

[@Ajay_Singhi]

Nil gst refund kese file karte hai lut export me

[@tripathidivya5366]

Sir if we have to export with gst. Then how to make a commercial invoice. We have to include gst in commercial invoices or not? Because we can't give the gst commercial invoice to the party. But if we are giving the same invoice to CHA then how the shipping bill is filled.

[@fenilpatel9679]

Hiii sir CHA ka jo bill hoga usme bhi hum GST pay karenge to kya vo bhi refund mil sakta hai?

[@beclamednutrition-325]

Very very excellent. Thank you Sirji, but i got a question..is best to call you tomorrow.

[@sanjusharma-nc7qg]

I am genrate 2 set of invoices as per gst and as per shipping bill wrongly how i am get refund from custom sir please help me

[@anjalijain4626]

Sir export w/out payment IGST ke case me kya input kuch bhi claim nhi kar sakte or agar claim kar lia to kya hoga

[@shakshikumari8838]

Hi sir kis city se h . Mai ecommerce export ka business karta hu

[@manujenderkumar5620]

Sir plz make video on how I fill firc and brc in bank

[@SagarSharma88]

@7:00

[@KalyanBhattacharjya-r4s]

Hi Kalp Ji. I have one more question related to bank realization. I exported one b2c product on June 2022, but submitted the documents to bank on March 2024 (i.e. after 21 months). Now in the bank realization certificate which I downloaded from DGFT, the "Date of Realization of Money By Bank" shows as June 2022 but "Bank Realization Certificate number is dated 19th March 2024. So which is the exact realization date?. Under FEMA we should submit export documents to bank within 15 months, but I submitted after that and bank has accepted it and did the realization. For this accumulated ITC, if I claim a refund from GST dept / customs dept, will it be a problem under 96B? This late realization of export proceeds was due to some B2C courier shipping bills not reflecting on RBI-EDPMS. I heard this is a common problem with many exporters. I had mailed icegate helpdesk and ECCS trade helpdesk and sent the courier shipping bill data in excel but nothing has been done from their side so far. This is again required for realization of some more courier shipping bill not reflecting on my bank trade portal.

[@KalpShahGSTClasses]

8000028250

[@KalyanBhattacharjya-r4s]

@@KalpShahGSTClasses Thanks calling.

[@Hydraboost.Innovation]

To export against LUT - is LUT registration enough or do we need to register on the EEPC portal - RCMC . If the LUT number is enough then we just need to specify the LUT number on our export tax Invoice right?

[@KalpShahGSTClasses]

to register with export promotion council compulsory when you buy the goods at 0.1% and sells under LUT i.e. without paying GST. For exporters who buy goods at 0.1%, it is compulsory for them to export under LUT, they cannot export with payment of IGST but when you pay the full GST at the time of purchase of goods from local manufacturer or dealer, you have both the options either go under LUT or with payment of IGST. Here, RCMc is not compulsory. When you purchase the goods by paying full Gst on purchase and then export under LUT, RCMC (registration with export promotion council) is not mandatory.

[@tusharsharma3979]

Sir, Please reply to the below queries at the earliest. (1) If for exports-purpose, we purchase goods in the local/domestic market with payment of SGST+CGST / IGST to the local manufacturer then it'll be called as Exports of Goods with payment of IGST or Exports of Goods without payment of IGST ? (2) Exports of Goods/Services with payment of IGST means in this IGST needs to be paid on ICEGATE / GST portal ? At which stage it's paid ? Thanks.

[@KalpShahGSTClasses]

reply to query number 2: igst to be paid on GSt portal while filing gst returns. but it will be refunded by icegate. for successful refund your ifsc code must be registered at the port from which you will export the goods and you should properly file the GSTR 1 and GSTR 3B. GSTR1 -- exports to be shown in table 6A GSTR 3B . 3.1(b) --zero rated supply

[@KalpShahGSTClasses]

Reply to query number 1: you have both the options, when you buy the goods by paying full rate of GST. For example if you pay 18% GST on purchase then you can go either with payment of IGST (export with payment of IGST) or 0% GST on exports lag (which is called export under LUT). but when you as a merchant exporter purchase goods at concessional rate of 0.1% GST, then you must go for export without payment of GST (known as export under LUT).

[@KalpShahGSTClasses]

call eight zero zero zero zero two eight two five zero

[@rohitsaha428]

Jab Nepal me service export karre, foreign exchange me billing zaroori hai kya? Indian currency me Billing nhi kar sakte kya?

[@KalpShahGSTClasses]

KAR SAKTE HO

[@internationaldiamondimport2608]

I am intrested

[@ranichalam8519]

Hello Sir , Can we claim unutilised rcm input in gst refund..

[@KalpShahGSTClasses]

Yes any input tax credit is input tax credit except blocked credit or for personal purposes

[@jaypalvaru9162]

Sir me mango farmer agar me direct export karta hu toh muje igst pay karna padega ?

[@KalpShahGSTClasses]

no

[@riyadwani]

Sir can you please help. If someone export services and file GST return without payment of tax. and have accumulated ITC through purchase of capital goods. can we get refund of ITC of capital goods in case of export of services without payment of tax.

[@KalpShahGSTClasses]

No. For export under LUT (EXPORT WITHOUT PAYMENT OF TAX) you cannot get refund of capital goods

[@KalyanBhattacharjya-r4s]

Hi Kalp. I have a good ITC positive balance in my account and have LUT for the current FY. Can I still issue export invoices with IGST collected which can be paid from my ledger balance and later claim auto refund of that IGST in monthly filing? This would reduce my positive ITC balance and it would get credited to my bank account within 60 days. But I have LUT for this current FY.

[@KalpShahGSTClasses]

Yes this is the best scenario

[@KalpShahGSTClasses]

In the same financial year you can export some orders under LUT AND OTHERS WITH PAYMENT OF IGST

[@KalpShahGSTClasses]

It is legally allowed to send some export orders under LUT AND SOME WITH PAYMENT OF IGST. THIS WILL MAKE NATURAL SETOFF .

[@KalpShahGSTClasses]

If you have taken lut then It is not compulsory to export all orders of the year under Lut only

[@KalyanBhattacharjya-r4s]

@@KalpShahGSTClasses Ok. Thank you so much for your reply.

[@rakshapandya593]

Do we get 100% of gst refund which we paid to suppliers and export with LUT?

[@KalpShahGSTClasses]

YES SURE THAT IS CALLED EXPORT UNDER LUT ADN REFUND OF GST PAID ON PURCHASE LAG

[@YashPatel-is1dr]

Can we claim refund every month for GST paid on Air freight

[@KalpShahGSTClasses]

YES

[@jainamshah4563]

I am supplier of steel I buy the steel from 18% gst from holeseller and sell the goods to merchant exporter AT 0.1% tax . How to claim gst and refund to my bank account?

[@KalpShahGSTClasses]

call 8000028250

[@internationaldiamondimport2608]

Hi