Question 20 - Presently under Central law, exporters are allowed to obtain duty paid inputs, avail ITC on it and export goods upon payment of duty (after utilizing the ITC) and thereafter claim refund of the duty paid on exports. Will this system continue in GST?

Zero rated exports permit refund of input tax and tax paid on exported goods under GST.

Exports are treated as zero rated under GST so exported supplies do not bear ultimate tax incidence while inputs may be tax paid; refunds are allowable on the accumulated input tax attributable to export supplies and on tax paid on exported finished goods, thereby preserving relief for exporters.