Question ID :
I AM AN EXPORTER. MY TOTAL TURNOVER INCLUDES
a) ZERO RATED SUPPLIES
b) Rental Income (local supply)
My purchases is only for zero rated supplies. No Purchase is done for supply of rental services.
While claiming refund of unutilised input tax credit, what will be my Adjusted Total Turnover.?
I had claimed refund of ITC BY TAKING Adjusted Total Turnover equals to zero rated supplies.
Jun 20, 2018