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Manner of calculation of Adjusted Total Turnover for

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Manner of calculation of Adjusted Total Turnover for

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  1. Manner of calculation of Adjusted Total Turnover for GST Refund | Clarified

  2. 1. Clarification in respect of refund claim by recipient of Deemed Export Supply • As per third proviso to Rule 89(1) of CGST Rules 2017, in case of deemed export, refund application can be filed by either of the following person: • the recipient of the deemed export supplies, or • the supplier of deemed export supplies in cases where the recipient has not avail input tax credit on such supplies. For this purpose, the supplier is required to furnish an undertaking to the effect that the supplier may claim the refund. • With respect to refund by recipient against deemed export, CBEC issued a clarification vide Para No. 41 of Circular no. 125/44/2019 – GST dated 18/11/2019. In such a circular, CBEC placed a condition that the recipient of the deemed exports shall be entitled to refund only with respect of invoices for which he has not claimed any ITC.

  3. 2. Extension of relaxation for filing refund claim in cases where zero-rated supplies has been wrongly declared in Table 3.1(a) Earlier also, various representations were filed with CBIC wherein registered persons has inadvertently entered details of their export of services or zero-rated supplies in table 3.1(a)-Outward Taxable supplies (other than Zero rated supply, nil rated and exempted instead of table 3.1(b)- outward taxable supplies (zero rated) of the form GSTR-3B.  Due to this error, registered persons were unable to claim refund for such export invoices due to validation checks placed on common portal. Such validation checks allowed refund in Form GST RFD-01A only to the extent of IGST declared in Table 3.1 (b) of GSTR-3B.

  4. 3. The manner of calculation of Adjusted Total Turnover under Rule 89(4) of CGST Rules, 2017 for the purpose of refund. For the purpose of computation of refund amount in case of zero-rated supplies of goods or services made without payment of tax, following formula is given under Rule 89(4) of CGST Rules: “Refund Amount = (Turnover of zero-rated supply of goods + Turnover of zero-rated supply of services) x Net ITC ÷Adjusted Total Turnover”

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