The amount entered in the return is the invoice value and not the receipt amount. please enter the value at which the invoice is issued.
Refund filing error
Hi, I am filing "Refund of ITC on Export of Goods & Services without Payment of Tax" I am getting following error:= ##### Error : The value declared in Column 1 of Statement 3A, cannot be greater than the consolidated total of the document value of outward supplies in column 5 of statement 3 . #### Due to currency fluctuation , in some months I receive more amount in bank , than Invoice/Document amount. In some months I receive less amount in bank, than Invoice/Document amount. As per Notification No. 39/2018–Central Tax dated 04/09/2018 Zero-rated supply of services is the "aggregate of the payments RECEIVED " during the relevant period. It means we need to enter amount which is received in bank/ FIRC. in COLUMN 1 of STATEMENT-3A. For calculation purpose, in Statement 3A ; we need to use Bank/ FIRC value for determining "Total Turnover" and "Adjusted total turnover". (I export only Service ) Can you please tell me if it is portal issue or I am doing anything wrong. Thank you
Asked 4 years ago in GST
Hi- Can you please check below. I think for Good and Service there is difference. I provide Service only. (a) “Turnover of zero-rated supply of goods” means the value of zero-rated supply of goods made during the relevant period without payment of tax under bond or letter of undertaking; (b) “Turnover of zero-rated supply of services” means the value of zero-rated supply of services made without payment of tax under bond or letter of undertaking, calculated in the following manner, namely:- Zero-rated supply of services is the aggregate of the payments RECEIVED during the relevant period for zero-rated supply of services
Asked 4 years ago
Ref: https://www.cbic.gov.in/resources//htdocs-cbec/gst/51_GST_Flyer_Chapter36.pdf Page : 6 ( D )
Asked 4 years ago
You would be filing 3B on basis of invoice raised. Payment may be received later.
Although what you're doing is correct. But, the system does not accept this variation. For filing of refund, you would have to use invoice values. You may explain the issue to your jurisdictional officer.
Dear Sir,
Hope you are doing well !!
You need to mention invoice values while claiming GST refund.
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