Refund of IGST paid on export of services

[Archna Gupta]

Dear Sir/ Ma'am

My question is on refund of IGST on export of services. In my view there is a time limit of one year from the date of invoice on realisation of amount when we export services under LUT. But in case of export on payment of IGST, no time limit is there on realisation of foreign exchange. If I am correct my next question is that the time limit for filing refund is with in two years from the date of realisation of export proceeds. Now suppose on some invoices we have received amount and two years time limit is going to expire. If we file refund on those invoices then what about other export invoices of the same period for which payment is yet to realise. Can we file another refund claim within two years of realising the payment? Please reply.

AI Summary

Refund of IGST on exported services: claims depend on date of foreign exchange receipt; tax period bunching may apply.
Refund claims for IGST paid on exported services must be filed within two years from the relevant date applicable to each supply. Where services were completed before receipt of consideration, the relevant date is the date of receipt of payment in convertible foreign exchange (or permitted rupee receipt); for advance payments it is the invoice date. If none of the specified relevant dates can be determined, the fallback is the date of payment of tax. Refunds are filed by tax period, and tax period bunching of successive periods is permitted under prescribed administrative circulars.