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The CBIC has issued circular regarding SOP for exporters. The GST law has allowed taxpayers to make zero-rated supplies in the following two ways:
The availability of the latter has also led to certain unscrupulous means of claiming refund where it is not due. This is being done using a combination of various methods such as operating through non-existent exporters, raising fake invoices, etc.
To mitigate the risk of loss of revenue through dishonest means, the government has taken certain strict steps:
However, such verification may cause hardship to genuine and honest taxpayers.
As mentioned earlier, the verifications may cause hardship to honest taxpayers. In order to reduce such issues, the exporters must follow the SOP prescribed, which is summarised as follows:
The following information is to be provided by the exporter for verification:
S. No. | Name of Director/Partner/Proprietor | Name of the Other Entity | PAN (DIN if director) | GSTIN | Registration Status (Active/Inactive) |
1 | |||||
2 | |||||
3 |
S. No. | Return Type | Declared Aggregate Liability for Previous Financial Year | Declared aggregate liability for Current Financial Year |
1 | GSTR-3B | ||
2 | GSTR-1 |
FY | ITC Available in GSTR-2A | ITC Available in GSTR-3B | Mismatch | Details of Payment or Reversal of Mismatched ITC |
2017-18 | ||||
2018-19 | ||||
2019-20 |
S. No. | GSTIN | Type of Refund | ARN No. and Date | Amount | Authority From Which Refund Claimed | |
---|---|---|---|---|---|---|
Claimed | Sanctioned | |||||
S. No. | Supplies | No. of e-Way Bills Generated | HSNs | Taxable Amount |
1 | Inward | |||
2 | Outward |
S. No. | Account Number | IFSC Code | Account Type | Name of Account Holder | PAN of Account Holder | Date of Opening of Bank Account |