EXPORT with payment of IGST after furnishing LUT

[megala karthik]

Hi,

I have furnished /filed LUT online for 2019-2020 in the GST portal...Further, I have made a shipment on May 10th 2019 with payment of IGST and filed returns for the same on June 6th...though i got a response code as SB000 in the ICEGATE website, i still have not received IGST refund....SInce I have filed LUT, is it mandatory to export only under LUT? Will I not get the IGST refund amount,which I have paid for the Export made with payment of Tax? can somebody please clarify??

[KASTURI SETHI]

Filing of LUT for the purpose of export is not a hurdle for claiming rebate/refund of tax paid. You can export by both means. LUT is just for safeguarding Govt.revenue. It is just like Bond executed. You will get your refund soon. if it is delayed, you can remind rebate/refund sanctioning authority through email. Nothing to worry at all. Govt. is very quick in sanctioning refund claim.

[Prudhvi Jakkula]

Transaction was on May 10th. Due date of GSTR-3B of May month is June 20th. Refund will be available only after filing both GSTR-1 and GSTR-3B. No need to worry. Refund will be alloted.

AI Summary

Export under LUT ensures eligibility for refund even if tax paid, subject to filing required GST returns.
Filing a LUT does not prevent claiming refund of IGST paid on exports; exporters may export under LUT or pay IGST and claim refund. Refunds are processed only after the requisite GST returns for the export period are filed, and delayed sanctions can be pursued by contacting the refund sanctioning authority.