Dear friends,
One of my client who exported the service for the fy 2020-21 and supply made without payment of GST. Further, they didn't apply the LUT. Now, Can we apply for refund of GST Input Tax Credit for the above year. Please suggest me.
Thanks in Advance.
Client Seeks GST Input Tax Credit Refund for Exports Without LUT in 2020-21; Circular No. 125/44/2019-GST Cited A client exported services in the fiscal year 2020-21 without paying GST and did not apply for a Letter of Undertaking (LUT). They are seeking advice on whether they can apply for a refund of GST Input Tax Credit for that year. One response referenced Circular No. 125/44/2019-GST, stating that while an LUT is typically required before zero-rated exports, delays in furnishing it may be condoned, allowing the benefits of zero rating to be granted retrospectively if exports comply with relevant provisions. The original poster expressed gratitude for the guidance received. (AI Summary)
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