Welcome to your Ch 9: Refund (16 to 20)
16. An exporter has availed (a) ITC on inputs Rs. 30. (b) ITC on services Rs. 20. (c) ITC on capital goods Rs. 10. It wants to export Goods A on a value of Rs. 1,000. IGST Rs. 70 shall be levied on export of goods. Compute the eligible amount of refund.
(i) Export of goods without payment of tax.
(ii) Export of goods with payment of tax.
17. Examine the following statements-
(i) Rate of tax on inputs: 28%; Rate of tax on outward supply of goods: 5%. The applicant is eligible for refund under inverted duty structure.
(ii) Rate of tax on services: 28%; Rate of tax on outward supply of goods: 5%. The applicant is eligible for refund under inverted duty structure.
18. Examine the following statements
(i) Rate of tax on capital goods: 28%; Rate of tax on outward supply of goods: 5%. The applicant is eligible for refund under inverted duty structure
(ii) Rate of tax on input A: 28%; Rate of tax on input B: 5%; Rate of tax on outward supply of goods: 5%. The applicant is eligible for refund under inverted duty structure.
19. Examine the following statements-
(i) Rate of tax on inputs: 28%; Rate of tax on outward supply of construction of building: 5%. The applicant is eligible for refund under inverted duty structure.
(ii) Rate of tax on input A: 28%; Rate of tax on input B: 5%; Rate of tax on outward supply of fabrics: 5%. The applicant is eligible for refund under inverted duty structure.
20. A self declaration or CA/CMA certificate is required in which of the following cases of refund application.
