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of <h1>Clarification on Section 16 IGST Act: Zero-Rated Export Supplies and Compensation Cess Refunds Explained for Exporters.</h1> The circular clarifies the applicability of Section 16 of the IGST Act, 2017, regarding zero-rated supply and Compensation Cess on exports. It explains that exports, being inter-state supplies, are liable for Compensation Cess, but should be zero-rated to align with the principle of not taxing exports. Exporters can either claim a refund of Compensation Cess paid on exported goods or export goods under bond without paying Compensation Cess and claim a refund of the input tax credit. The provisions of the Integrated Goods and Services Tax Act apply mutatis mutandis to the levy and collection of Compensation Cess.
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