IDT Revision CA/CMA Final May 24 & Nov 24 | Refund Under GST | By CA Surender Mittal AIR 5

AIR1CA Career Institute (CA Atul Agarwal & CA Ajay Agarwal)
Topics Covered:
Import and Export
Refund under GST
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[@vamsi1]

00:03 Import of goods and services under GST 01:57 Import of goods requires payment of custom duty and IGST 05:47 Tax implications for online service providers 07:40 Intermediaries in service transactions have no role in determining the supplier or payment for services. 11:51 Foreign companies need to incorporate in India and have a separate existence. 13:48 Establishment of Distinct for Branch or Office outside India 17:53 Refund under GST explained 19:38 Refund of Input Tax Credit (ITC) can be claimed by taxpayers 23:12 Refund process under GST for exports 25:14 Refund process under GST explained 28:51 Concept of export and index post 30:37 Refund under GST is available for goods exported by a merchant exporter 34:17 Refund under GST can be obtained in two cases: exporting without payment of tax and paying GST but not utilizing ITC. 36:27 Explanation of tax refund process under GST 39:59 You can apply for a refund under GST if the refund amount is more than ₹1000 42:04 Proving non-transfer of tax burden is essential for getting refund. 45:48 Refund under GST can be applied for anytime within 2 years from the relevant date. 47:41 Exporters can claim a refund under GST based on the date of invoice or payment received. 51:35 To apply for a refund under GST for exports, file a refund application with the required documents. 53:26 Easy Refund Process Under GST 57:33 Refund process for accumulated unutilized ITC on zero-rated supplies without tax payment 59:33 Calculate the refund for zero-rated supplies and exports. 1:03:28 Refund under GST for zero-rated supply 1:05:11 Supplies can come from various sources 1:09:04 Exam supplies are related to turnover and can impact ITC eligibility. 1:11:09 Refund under GST is available to suppliers who meet certain criteria. 1:14:57 Refund of Rs 10 lakhs under GST 1:16:45 Domestic value should be considered instead of 10 lakhs 1:20:44 Refund can be claimed for goods exported without payment of GST 1:22:29 Inverter duty is not applicable due to lower input tax rate 1:27:06 Refund process for accumulated Input Tax Credit (ITC) under GST 1:28:50 Input services will not be considered. 1:32:39 Inverted duty supply example with electronics manufacturer and rates of goods 1:34:33 Tax rate on output is 28% 1:38:03 The minimum refund amount will be worth 2.5 lakhs 1:39:42 Refund process under GST 1:44:14 Refund process and timeline for GST 1:45:52 Refund process under GST with exceptions.

[@IshaVirmani]

Thanks for your effort!

[@priyabratamohanty3182]

Thanks

[@aryanaryan9409]

Bhai mein ₹ 18500 spent karke ek celebrity faculty se classes liya tha lekin sach bol rha mera IDT ka conceptual clarity yaha Atul bhai k channel mei clear hua hai....uss celebrity faculty ne mera time aur money dono waste kiya!

[@ashishkanojia8592]

Hats off sir. Man'na padega.. Far better than my Regular lectures. You guys are on Mission. 💯

[@parthmehta213]

14:45 Zero rated supply including difference of ZRS with Bond/LUT (Without payment of tax) vs ZES by payment of Tax 28:55 deemed export

[@parthmehta213]

31:21 merchant export 34:20 Refund starts 50:05 Detailed procedure of refund in case of Zero Rated Supply (Export/ Supply to SEZ) by Payment of Tax(Without Bond/LUT) 54:24 Detailed procedure of refund in case of deemed export 57:33 Refund of unutilised ITC 1:13:42 Example 1:19:00 Circular on goods sent outside india on sale of approval basis 1:22:25 Rule 89(5)Refund of Accumulated ITC in case of inverted duty stucture 1:37:35 maximum refund allowed in 89(4) and 89(5)

[@parthmehta213]

1:39:50 Refund of Foreign embesy / UN

[@parthmehta213]

1:42:50 Detailed procedure of refund in case of

[@margiemavani]

FAR better than regular batches where hours are more and content is less🙄🙄🙄🙄

[@deepaksoni7617]

I don't think, Other faculties can match the level of conceptual clarity of this revision video even in their regular batch.

[@ca_soft_lion]

57:33 Refund of ZRS w/o payment rule 89(4) 1:22:22 Refund incase of IDS rule 89(5)

[@kaustubhjain4021]

This guy! Legend. IDS and ZRS refund were never so easy

[@nadiyasheikh772]

Thank you so much sir... Aapne bacha lia warna revision me bhot problem ane wali thi.. aapko dua lagegi humari🙏

[@meghasingh5791]

Refund chapter - 34:19

[@HarshGupta-ew8dx]

Such a comprehensive video with detailed explanation of all the provisions in a very short time frame. Thank you for making it simple to grab, sir.

[@parthmehta213]

Scret of higher result in G2 is nothing but Atul Agarwal and team # Truely it prepares you for AIR1 as per its name AIR1CA Academy 😇

[@SAA_1585]

00:02 Import and export (includes OIDAR Services and Zero rated supply) 34:30 Refund

[@honeychaturvedi6676]

Crisp and to the point revision with practical examples. 💯 Thankyou so much sir.

[@FunDongal]

Me regular lectures nhi dekh skta me ca bhi nhi kr rha but gst ki knowledge lene k liye aapke revision lectures dekh rha hu😂😂😂 really it's great i'm learning more and more day by day

[@parthmehta213]

This chapter was fobia for me. now its damn easy and scoring. Exemption pakka

[@parthmehta213]

very much better than 15-16000 Rs. feculty

[@rahultiwari5364]

Sir aaj mujhe pta chala ki koi aur bhi hai jo IDT ko itna aache tareeke se samjha sakata hai. Aapke revision video se pahle maine kis aur ka revision delh rha tha 2-3 chapter kar bhi liya tha but utna clarity nhi thi. But aaj aapke is video se bahut hi aache se samjh aa rha hai. Ab toh mai aapke hi revision videos se apna idt complete karunga. Thank you so much surender sir and all other facilities of AIR 1 CA. aap log bahut accha padate ho.saara subjects aapka accha hai❤

[@Sankhla_yash01]

1:26:00 Inverted Duty Structure

[@arhamvaidmehta8309]

29:36 Deemed Export 29:36 Merchant exporter

[@yashjain3930]

Hats off to Atul sir khana se mile gst ke sir matlab bhai study karne maja aajata ...sahi bata raha hu pehele baki faculties ko dekh bohot bor marta tha aab jo change aaya hai mera study me .....maza aagaya❤❤

[@eshanjain8571]

00:02 Import and export 34:30 Refund

[@tespinance7074]

00:25:37 * All Registered Person except prosecuted for >250 lac

[@VishalAManglani]

Way good than the faculty which I paid for over 12000. Truly a wonderful experience from @surender mittal sir. Thanks a lot #AIR1CA Team

[@rahulyp837]

Really helpfull.. He has put all his efforts to explain everything

[@amoddubey4982]

I think.. please correct me if I am wrong Time limit is 18 months from Relevant date and not 2 years....in case of UIN holder

[@GMsalvii]

I think it is 2 YEARS plz check

[@pranaychiwande6457]

It has been changed from may 23 attempt and onwards now it is 2 years

[@beaspired1907]

Feeling highly satisfied All concepts are crystal clear was confused between supply with bond lut & when w/o bond lut reading concepts after this lecture is super easy hope to score good in may 2024 Thank you sir 😊

[@namratamobarkar732]

you teach so amazing! after trying everything i finally got this perfect revision lectures.. Thank you so much for you handwork and this free content!

[@CA_Mansi]

itna tuff chapter itna aache se pdaya !!!! hats off sirji

[@manish00010]

refund 34:25

[@fareezmohammed9230]

Refund 34:32

[@ektag2776]

aap pehle aaye hotey toh aapke he full lectures lete sir!

[@shahistameherally8544]

Flawless explanation 👌

[@saloniagarwal5652]

Explained in a very simple manner. Amazing.

[@niveditanaidu5558]

Explained every point so well !! Thank you Sir.

[@kingashish4579]

At 1:43:33 Refund order should be issued within 60 days (isme koi circular aya tha na sir ki 60 days ke credit in bank ho jana chaiye, then accordingly, all authorities changed the limit of 60 days to 45 days) To fir. Refund Order ki limit should be considered 45 or 60? Apne sirf 60 days discuss kiya

[@aircasurender515]

Consider 60 days only that was just a instruction to officers by CBIC not relevent from exam point of view

[@kingashish4579]

@@aircasurender515 thanks bhai

[@varunparmar9515]

Thank you sir 🙏🙏

[@dhruvteja465]

Tq is a small word for ur explanation sir 🔥👏

[@ss_Archives]

Refund Under GST - 34:19

[@dhavalsoriya9896]

00:14 import export under gst 34:28 refund umder gst

[@tanujsharma3977]

Thank you so much IDS ka new wala part clear nahi hua tha now cleared

[@Cleaningovergrown]

Refund chapter starts from 34:27

[@saumyatripathi9429]

Thank u so much sir 👍👍best faculty

[@ShravanKumar-qx1kc]

students need this type of explanation and clarity, his other chapter's video doesn't have that. What Atul sir does is this kind of revision, he will make students understand the concept even though they are first time listening for that subject. Surender did the same in this revision. Thank you

[@harshadbaranwal8052]

Thank you so much Sir 🙏😊

[@mubashircm9490]

01:31:55 - Formula explanation

[@catalkswithnoor1758]

21:51 bond / Lut

[@saikiranpanchala459]

00:34:18 refund chapter starts

[@tusharvijay9601]

bond/lut -96A 22:00

[@charteredManas]

This was very useful sir.Thankyou.

[@adwitty]

Thankyou sir

[@subhamagarwal4091]

Start of Refund Revision........50:00

[@RahulChachada]

Dil se shukriya sir ji❤

[@DhananjaySolanki-y9f]

Thank You Sir 🙏

[@palkiandmuskan2507]

Such an informative video with crisp explanation 😊😊

[@CAPRATIMA]

Bond/lut : 22:00

[@xxcrap]

09:30 Export under gst

[@dhavalsoriya9896]

Thank you so much 🙏🙏 maja aa gaya 😅

[@poonambaghela1397]

In case of deemed export ....supplier recovers the gst from recepient?

[@VivekSharma-yi5wx]

Yes, supplier recovers from recipient. Thats why recipient has option to claim ITC.

[@subhamagarwal999]

1:22:28 inverted

[@sruti5679]

OIDAR 4:08 end 9:29

[@jaideepjain2]

thank you sir it is very helpful

[@Lishasoneja]

Sir goods imported by sez and import of baggage are exempt from IGST or not because in the updated notes it’s different

[@devendradiwan7950]

34:30 Refund Revision

[@PankajSahu-zd4xn]

Jai Siya Ram har har Mahadev Jai maa Kali 🙏🙏🚩🚩🙏🙏

[@mansinasa6663]

Recall 23:13

[@ashwanijaiswal6635]

Sir frst of all apko dil se dhanyawaad i am so grateful to you Second, Sir ye same notes channel p available ni hai .Mujhe y notes chiye kha se milenge ?? Plz btaiye

[@aircasurender515]

Notes available on website

[@shalvipatil217]

34:39 refund chapter

[@rishabhkhandelwal8816]

Well explained 👍

[@seemajagtap7822]

Valuable lectures👍🏼

[@ca.keshavmittal]

REFUND 34:00 54:41

[@chethanabhat6322]

9:35 export of G & S

[@Yoyo098]

34:32 refunds

[@tanishqjain132]

3:55 OIDAR services 28:33 If Export ke liye kisi maine Foregin ki help li, to deemed full realisation Maan liya jaayega

[@tanishqjain132]

18:24 export under LU%

[@caharshitagarwal]

sir, export of service ke case mai hum capital goods ke ITC ka refund le sakte hai kya??

[@murlikumbhkar2752]

Haa le skte he but capital goods ke itc ka refund nhi le skte he

[@meghnarastogi3161]

Capital goods ka refund ya uske itc ka refund Pls clear

[@caharshitagarwal]

@@meghnarastogi3161 ITC ka refund

[@kajaltarway]

Capital goods ka ITC le skte h ..but refund nhi le skte

[@CAFinal-mr8ko]

Day-3/12 Radhe Radhe❤

[@rishabsuvarna1878]

Deemed export (refund) 54:41

[@abhayaagrawal2321]

34:27 refund

[@harshitaaggarwal8070]

12:00 EODP

[@vivekprajapati2254]

REFUND 34.00

[@rajivbhatt2713]

sir when will be start yr new batch for May 2024 ca final IDT?

[@suchetmogali7858]

Very nice sir Ty so much

[@urvishah3442]

Excellent

[@avijitlifechanger2069]

🎉🎉🎉 excellent 👍👍👍👍

[@chiragpatel6244]

Doubt.... Adjusted total turnover me t/o of service inculde nai hogi ..... To fir eg me kau include kiya hai ?

[@aircasurender515]

Include hoga

[@chiragpatel6244]

@@aircasurender515 kese bhai ... To fir notes me to na bola hai

[@aircasurender515]

Ek baar ache se fir dekho usko exclude karke firse include Kiya h

[@aneesabegum4056]

Refund Chapter 34:11

[@Adiii.9]

1:17:00 1:41:25 1:30:01

[@mohammadanas6757]

Interest 1:44:00

[@RaviSingh-wm4gm]

indepth Revision.

[@singhkajal-hu5wz]

Refund 34:26

[@anshsankhla7828]

Sir is this topic Rule 96 - 50:15 ??

[@AmitSingla-me1rc]

57:35

[@vidhiagarwal1632]

ye nov23 k liye with ammendments h na

[@sheenajayanandan2187]

18:18

[@DhairyaShah-xg7tk]

50:00

[@Mathslearner987]

Refund 34:30

[@aaokuchbaatkre2350]

pos outside india and recipient in india, whether it will be exports?

[@HAPPYHEERAM]

Awesome

[@vaibhavmarwah8789]

56:29 (89)4a

[@deborahvicari-gf3pd]

1:39:18