Rule 89(4) GST Refund | Easy ITC Refund Calculation for Exporters

Rule 89(4) GST Refund | Easy ITC Refund Calculation for Exporters #gst #shorts #viral #trending #yt ‪@cadeveshthakur‬

Understanding GST Refund under Rule 89(4) is crucial for every exporter and eCommerce entrepreneur in India. This rule explains how to calculate refund of unutilised Input Tax Credit (ITC) on zero-rated supplies like exports or supplies to SEZ made without payment of IGST under LUT or Bond. The formula for refund under Rule 89(4) is:

Refund = (Turnover of zero-rated supply of goods + Turnover of zero-rated supply of services) × Net ITC ÷ Adjusted Total Turnover.

Here, Turnover of zero-rated goods means the lower of FOB or invoice value. Turnover of zero-rated services is based on actual payment received for completed exports. Net ITC includes ITC on inputs and input services used for export, excluding capital goods. Adjusted Total Turnover is total taxable and export turnover excluding exempt supplies. The relevant period is the month or quarter for which refund is claimed. This formula ensures proportionate refund of ITC used for exports, helping exporters maintain liquidity and competitiveness. Understanding this rule is vital for eCommerce sellers and exporters claiming GST refunds efficiently through FORM GST RFD-01. Mastering Rule 89(4) can save time, avoid rejection, and ensure smooth cash flow in your export business.
goods and service tax return filing
gst returns
goods and service tax return
gst refund
goods and services tax refund
gst 3b return file
file gst return
cancellation of gst registration
file a gst return online
gst claim
annual gst return
deemed export under gst
filing gst online
e commerce gst return filing
deemed export in gst
gst 1 return
gst tax return
gst return online
all gst return
calculating gst return
filing of gst return
filing of return under gst
car gst refund
gst amount refund process
gst annual return for composition dealer
claim gst refund
export gst refund
export with payment of igst refund process
car gst claim
export refund under gst
gst all return
amendment in gst return
e filing of gst return
electronic credit ledger refund
goods return procedure under gst
gst 3rb return
gst and gst return
gst claim for business
claim gst on mobile phone
export gst refund process
export invoice with payment of igst
gst amount refund
export gst return
filing of return in gst
cheque for gst payment
e file gst return
file return gst
gst bill return
amazon gst refund
apply for gst refund
business gst return
clear tax gst return
cleartax gst return
details of gst returns
duty drawback and gst refund
export igst refund
file return in gst
filing monthly gst returns
filing returns under gst
gst 3b return filing process in hindi
gst amount return
gst annual return filing process
gst back
gst cash back
gst cash refund
gst refund for business
company gst return
ac gst refund
apply gst refund
blank gst return
cfa gst refund
claim back gst
claim franking credits
claim gst for export goods
claim gst refund online
claiming back gst on exported goods
claiming gst on tax return
cleartax gst refund
complete gst return online
completing gst return
corporate gst return
current gst returns
customs gst refund
draft gst return
e return gst
export goods return procedure under gst
false gst claim
file online gst return
file your gst return
filing gst return procedure
get gst back
get gst refund
government gst refund
gst 34 return
gst and income tax return
gst and tax return
gst back pay
gst back payments
gst claim business
gst claim for tourist
👉 Follow @cadeveshthakur for daily GST lessons simplified in reels!

Disclaimer: The content shared on this channel is purely for educational purposes. As a Chartered Accountant, I strive to provide accurate and insightful information related to GST, income tax, accounting, and tax planning. However, please note that the content should not be considered as professional advice or a substitute for personalized consultation.

#viral #shortvideo #viralvideo #shortsvideo #shorts #youtubeshortsvideo #shortsyoutube #viralreels #viralshorts #viralshort #trending #cadeveshthakur #ytshorts #youtubeshorts #youtubeshorts #tax #taxation #finance #financialfreedom #yt #subscribe #ytviral #challenge #incometax #gst #budget