Dear Experts,
Please guide in the below matter of refund :-
Our GST rate of Raw Material is 18% and for FG are as under:-
Product A | 5% |
Product B | 18% |
Product C | 28% |
1.Can we export our some products on pyt of IGST and other products under Bond, during a same tax period.
2.Can we file refund claim of IGST paid on export as well as unutilised ITC for export under bond as exported in 1 above, in a same tax period/return.
3.Can we file refund of unutilised ITC if all the above products are exported under Bond/LUT in a tax period.
4.Is refund of unutilised ITC available on domestic supply.
Kindly suggest.
Guidance Sought on GST Refunds for Exporting Products with IGST and Bond; Clarification on ITC Refunds Needed A user seeks guidance on GST refund issues related to different products with varying tax rates. The queries include whether it is possible to export some products with Integrated GST (IGST) payment and others under bond within the same tax period, and if a refund claim can be filed for both IGST paid on exports and unutilized Input Tax Credit (ITC) for exports under bond. The user also inquires about claiming a refund for unutilized ITC when all products are exported under bond or Letter of Undertaking (LUT), and if such refunds are available for domestic supply. (AI Summary)