Topic

Publish Date

Zero-Rated Supply: Bond/LUT or IGST-What’s Right for You?

Exports are the lifeblood of any growing economy and India’s GST regime gives them a major boost through zero-rating. Whether you're shipping goods overseas or providing services to foreign clients, GST ensures that taxes don't eat into your margins. That’s where Section 16 of the IGST Act steps in. But here’s the catch: exporters have to choose between two refund routes-and the choice isn’t always obvious...................... Read More

Refund of Unutilized ITC Due to Export on LUT

TAs we know that the export can be done either on payment of integrated tax or without payment of tax i.e., export on LUT basis. If export is done on payment of IGST then the refund of such tax paid can be claimed. Similarly in case the export is done on payment of LUT, the exporter can claim the refund of accumulated ITC. In this article we are going to discuss in details about the procedure and the conditions for claiming the refund of unutilized ITC due to export on LUT............. Read More