GST refund

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..... Dear friends, One of my client who exported the service for the fy 2020-21 and supply made without payment of GST. Further, they didn't apply the LUT. Now, Can we apply for refund of GST Input Tax Credit for the above year. Please suggest me. Thanks in Advance. - Reply By Amit Agrawal - The Reply = Para 44 of the Circular No. 125/44/2019-GST dated the 18th November, 2019 : Export .....

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..... of goods or services can be made without payment of Integrated tax under the provisions of rule 96A of the CGST Rules . Under the said provisions, an exporter is required to furnish a bond or Letter of Undertaking (LUT) to the jurisdictional Commissioner before effecting zero rated supplies. A detailed procedure for filing of LUT has been specified vide Circular No. 8/8/2017-GST dated 4.10.201 .....

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..... 7 . It has been brought to the notice of the Board that in some cases, such zero-rated supplies were made before filing the LUT and refund claims for unutilized input tax credit got filed. In this regard, it is emphasized that the substantive benefits of zero rating may not be denied where it has been established that exports in terms of the relevant provisions have been made. The delay in furn .....

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..... ishing of LUT in such cases may be condoned and the facility for export under LUT may be allowed on ex post facto basis taking into account the facts and circumstances of each case. - Reply By THYAGARAJAN KALYANASUNDARAM - The Reply = Dear sir, Thank you so much for your timely support. - GST refund - Query Started By: - THYAGARAJAN KALYANASUNDARAM Dated:- 4-12-2022 Goods and Services Tax .....

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..... - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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