Clarification on refunds under exports without payment of tax

[Rajendra Prasad]

Total sales value of exports without payment of tax under LUT-10Cr

Out of the above 5Cr value of exports(We recd goods from 0.1% sales under notification no.40/2017 Central Tax(Rate) dated on 23/10/2017)

Am I eligible for refund under exports without payment of tax under LUT on 10Cr under rule 89(4) of CGST rules, 2017???

AI Summary

Eligibility for GST Refunds on 10 Crore Exports under Rule 89(4) with LUT: Key Conditions Explained A forum discussion addresses the eligibility for refunds under exports without payment of tax, specifically concerning the Goods and Services Tax (GST) and the use of Letters of Undertaking (LUT). A participant inquires about claiming a refund on a 10 crore export under Rule 89(4) of the CGST Rules, 2017. Two responses clarify that the individual is eligible for a refund of unutilized input tax credit (ITC) under Notification No. 40/2017, provided certain conditions are met. The discussion emphasizes that while exports with GST payment are restricted, exports under LUT without GST payment can claim ITC refunds.