TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>GST Circular Clarifies Export Refunds: Input Tax Credit, GSTR-1 Amendments, LUT Submissions, and Documentation Guidelines.</h1> The circular addresses various issues related to export refunds under the GST framework. It clarifies that suppliers availing drawback only on basic customs duty can still claim refunds on unutilized input tax credit for central, state, or integrated taxes. It provides guidance on rectifying mismatches in refund claims using GSTR-1 amendments and emphasizes that exports made without a Letter of Undertaking (LUT) can still qualify for zero-rating benefits if the delay in LUT submission is justified. It also discusses the handling of discrepancies between GST invoices and shipping bills, the filing frequency for refund claims, and the necessary documentation for processing refund claims. The circular aims to ensure uniformity in refund processing and advises against withholding refunds due to minor procedural errors.
TaxTMI 
TaxTMI 
