CA Shubham Goyal     16 Dec 2023

Based on the details provided, here are a few points regarding claiming GST refund on export of goods and services without payment of tax using a credit advice:

- A credit advice by itself may not be considered as sufficient proof for claiming refund. Typically, documentary evidence like export invoices, shipping bills, bank realizations, etc are required.

- However, the credit advice would contain details like advice/reference number, invoice numbers, invoice amounts, tax amounts, etc. These details would need to be provided in the refund excel utility.

- The advice/reference number of the credit advice should be mentioned in the "BRC/FIRC No." column of the utility. This links the tax payment details with the export invoices.

- Along with the credit advice details, other documents like export invoices, shipping bills, bank statements showing realization of export proceeds, reconcilation statements, etc. would also need to be provided to establish the validity of the refund claim.

So in summary, while the credit advice alone may not suffice, the details in it would need to be provided in the refund claim utility. The advice/reference number acts as a link between the tax credits and exports. Additional documents would further substantiate the refund eligibility.

CA K Narasimha Prakash     16 Dec 2023

If a company exports goods and services under bond/LUT without payment of IGST, the credit available at the time of procuring of goods and services remains unutilized and idle in their Electronic Credit Ledger account. In such a case, the company can file a refund claim of goods and services exported under LUT without payment of IGST 1. The formula for calculating the refund amount is as follows:

Refund Amount = (Turnover of zero-rated supply of goods + Turnover of zero-rated supply of services) x Net ITC ÷ Adjusted Total Turnover 2.

It should be noted that no refund of unutilized Input Tax Credit is allowed in cases where the goods exported out of India are subjected to export duty .
All the details relating to GST on export is clearly mention in the shipping bills and it will populate in GST portal under refund.(BRC/FIRC column of excel utility).

I hope this helps!

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CA Shubham Goyal     11 Oct 2023

Yes, you can invest in a residential property under construction and still claim a tax deduction under Section 54F, as long as the property is completed within three years from the date of sale of your unlisted shares. For more details, please contact me at 8171582583. - CAShubham Goyal

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CA Shubham Goyal     11 Oct 2023

Yes, you can take a personal loan from a close or mutual friend in India. For further information, please contact me at 8171582583. - CAShubham Goyal

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CA Rahul Dwivedi     13 Jun 2023

Dear Mohit,
For selling goods through online portal like flipkart, Amazon GSt registration is mandatory.
You can get GST registration at residence address provided you have required adddress proof documents.
For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377
www.drahulassociates.co.in

CA Shubham Goyal     14 Jun 2023

As you mentioned, for selling goods through online portals like Flipkart and Amazon in India, GST registration is generally mandatory.
To register for GST at a residential address, you will need to provide the required address proof documents as per the GST registration process. These documents may include proof of ownership or rental agreement of the residential premises, electricity bill, or other documents as specified by the GST authorities.
If you need further assistance or consultation regarding GST registration or any other related matters, you can reach out to me on 8171582583.

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CA Rahul Dwivedi     2 Jun 2023

Dear Rajendra,
We can assist you and do the required filing.
for further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377

CA Shubham Goyal     2 Jun 2023

Dear Rajendra,
I can help you with filing your income tax return (ITR) for a home loan, considering that you receive two salaries in a month. Here's a concise response:
As an expert, I can assist you in filing your ITR for a home loan while considering your dual salary income. We will gather all the necessary information related to both salaries, calculate your total income, and identify the deductions available for your home loan, such as those under Section 24(b) for the interest paid. Additionally, we will help you claim any other eligible deductions to optimize your tax savings. Contact Me +918171582583

CA Shubham Goyal     2 Jun 2023

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CA Shubham Goyal     2 Jun 2023

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