XYZ applied GST refund on goods supplied on payment of GST. Turnover of zero-rated supply of goods, means, value of zero-rated supply made without payment of tax under LUT or value which is 1.5 times the value of like goods domestically supplied whichever is less. Department wants to confirm that the products for which refund claimed fulfils the criteria of 1.5 times value. Is the department right in asking for this information? If yes under which provisions?
Kaustubh Karandikar Asked question January 26, 2021