Calculation of Refund claim under section 54 of CGST Act,2017

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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