Export of Goods with or without payment of GST

Differential GST treatment for exports: distinct refund, documentation and valuation rules depending on tax payment status. Differential GST treatment distinguishes exports made under a bond/LUT without payment of tax from exports with tax paid: the former requires LUT/bond and Form GST RFD-11, uses Form GST RFD-01 for refunds, mandates additional declarations and restricts zero-rated turnover to 1.5 times domestic like-goods turnover with refund value as the lower of invoice or shipping bill value; input tax credit on capital goods is not refunded and recovery applies for unrealised export proceeds. Exports with tax paid do not face these procedural or turnover restrictions and allow refund of capital goods ITC, with refund processed through a deemed shipping bill mechanism. (AI Summary)