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?
Faq On GST (2nd Edition) Dated 31.3.2017 Chapter 14 Refunds
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Exporters' choice: export without IGST under bond and claim ITC refund, or pay IGST and claim refund. Exporters may either export under bond or letter of undertaking without payment of IGST and claim refund of accumulated Input Tax Credit, or export on payment of IGST and claim refund of the IGST paid, pursuant to Section 16 of the IGST Act.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exporters' choice: export without IGST under bond and claim ITC refund, or pay IGST and claim refund.
Exporters may either export under bond or letter of undertaking without payment of IGST and claim refund of accumulated Input Tax Credit, or export on payment of IGST and claim refund of the IGST paid, pursuant to Section 16 of the IGST Act.
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