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Issue ID: 112103
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Refund under GST

Date 20 Jun 2017
Replies 0 Replies
Views 1062 Views
GST refund eligibility for mixed exports: IGST paid versus bond/LUT exports and unutilised ITC claims.
Refund under GST raises whether exports made partly on payment of IGST and partly under bond or Letter of Undertaking in the same tax period may coexist, and whether refunds can be claimed concurrently for IGST paid on exports and for unutilised input tax credit attributable to exports under bond/LUT; it also asks if unutilised ITC refunds are available when all exports in a period are under bond/LUT and whether unutilised ITC is refundable on domestic supplies. (AI Summary)

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.

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