Wonder India Ltd. is registered under GST in Delhi. The company exports goods or services without payment of taxes. Following is the detail of transactions undertaken by the company. The company wants to know the maximum refund claim that can be applied by it. You are requested to advice regarding the same.
S.No. | Particulars | Amount |
1 | Turnover ( including Exempt supplies of Rs. 8,00,000) | 76,00,000 |
2 | Zero rated supply of goods without payment of tax | 15,00,000 |
3 | Export services under bond/LUT | 48,00,000 |
4 | Non zero-rated supply of services | 10,00,000 |
5 | Payment received toward zero rated supply, which include 15,00,000 against which services are yet to be supplied | 55,00,000 |
6 | Advance received earlier, zero rated supplies have been made now | 20,00,000 |
7 | Input tax credit | 15,00,000 |
8 | ITC relating to rule 89 | 5,00,000 |
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