Sir
I m purchasing 70% raw material import on basis of license and not paying any custom duty and IGST. And my sale is also 90 % export.
For my 30% domestic raw material purchase, I m paying GST and also paying GST on local service provider.
My question in to extent of ITC accumulate for domestic purchase of goods and services, can I export goods with payment of IGST ( by utilising domestic input tax credit) and take refund of the same from custom.
Clarification Sought on Exporting Goods Using IGST Payment and ITC: Experts Advise Against Mixed Methods Due to Audit Risks. An individual inquired about exporting goods with payment of IGST by utilizing accumulated input tax credit (ITC) from domestic purchases and seeking a refund. One respondent advised that exports under the Letter of Undertaking (LUT) must be entirely without IGST payment, cautioning against mixed methods due to potential audit objections, and recommended consulting with GST authorities. Another participant questioned if both methods could be used simultaneously, while a third respondent clarified that only one method-either with or without IGST payment-can be chosen, as tracking and justifying claims for both would be challenging. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
