Difference between Export of Services on payment of IGST & without payment of IGST

b.Further the company , required to make an application for refund of Integrated Tax on export of services, shall file Form GST RFD 01 (as per Rule 96(9) read with rule 89 of CGST Rules, 2017.)

c. If payment of exported services made under LUT or bond is not received by the company in convertible foreign exchange [or in Indian rupees, wherever permitted by the Reserve Bank of India] within fifteen days after the expiry of one year from the date of issue of the invoice for export the company is liable to pay due tax with interest.( as per RULE 96A read with sub-section (1) of section 50)

a. Copy of Form RFD-01A filed on common portal

b. Copy of statement 2 (details of export invoices with relevant BRC) of Form RFD-01Ac.

c. Statement containing the number and date of invoices i.e. input, input services and capital goods in specified format as Annexure A

d. Bank Realisation Certificates or Foreign Inward Remittance Certificates.

e. Undertaking /declaration in Form RFD-01A.

a. Copy of Form RFD-01A filed on common portal

b. Copy of statement 3A (details of accumulated ITC of input services and goods)of Form RFD-01A generated on portal.

c. Copy of statement 3 (calculation of maximum refund amount )of Form RFD-01A

d. Statement containing the number and date of invoices i.e. input, input services and capital goods in specified format as Annexure A (invoice wise details.)

e. Bank Realisation Certificates or Foreign Inward Remittance Certificates.

f. Undertaking /declaration in Form RFD-01A.

a. The date on which amount if foreign exchange received or in Indian Rupee as permitted by RBI, by the company.

b. In case of advance received , relevant date will be date of issue of invoices.

For example: Supplies made for the Otcober-18 to december-18. Refund can be claimed only after March-2019 

With effect from 1^st Feb 2019 

Relevant date for refund of taxes on export of services 

a. The date on which amount if foreign exchange received or in Indian Rupee as permitted by RBI, by the company.

b. In case of advance received, relevant date will be date of issue of invoices.

For example: Supplies made for the October-18 to december-18. Refund can file refund claim even for the month October-18 individually or for October-18 to december-18. 

Maximum Refund Amount= (Turnover of zero-rated supply of goods + Turnover of zero-rated supply of services) x Net ITC ÷Adjusted Total Turnover 

Adjusted Total Turnover= A+B-C-D 

(A) Turnover related to goods:-

All taxable supplies (Excluding purchases on which tax is paid under RCM) + exempt sales +export of goods and services – central tax -state tax -integrated tax -cess- turnover of services.

(B) Turnover related to services:-

Non-zero rated service + Turnover of zero-rated supply of services 

Note: Turnover of zero-rated supply of services = amount received and services completed + services completed in current period however advance received in prior period – advance received and services not completed- zero rates supply made with payment of tax. 

(C)  Value of exempt supply other than Zero-rated supplies 

(D) Turnover of supplies for which refund is claimed under sub-rule (4A) and (4B). 

a. Maximum refund amount as mentioned above in point 8.

b. Balance in electronic credit ledger for the end of period for which refund is claimed. For example, if refund is related to Jan, 2018 to Feb, 2018. Balance available on 28^th Feb 2018 will be taken into consideration.

c. Balance in electronic credit ledger at the time of filling refund. i.e. if refund application is made on 17^thmay, 2019 for the period Jan, 2018 to Feb, 2018. Balance available on 17^thmay, 2019 will be taken into consideration.