Abstract :
As per the GST provisions, the refund can be claimed for the tax paid on inputs if the output is exported or tax paid on export goods if the goods are exported after payment of tax. These are the two options which are available to the exporter out of which one can be used to claim refund under GST regime. Two options can be simultaneously used for claiming refund by different units of the same company. The present case study has been done of Vardhman Textiles Ltd. It discusses the criteria for choosing the best out of available two options so that maximum refund can be claimed under GST Act.
Keyword :
GST, Regime, Refund, Tax