GST refund for export of services without payment of tax

[vishwanath shetty]

GST registration was taken in Nov 2022. and 1st export of service was made in April 2023. but there is accumulated ITC for period Nov 22 to March 23. how can I claim that. also there is no LUT for FY 2022-23

AI Summary

Guidance on GST Refund for Export Services: File RFD-01 for ITC Refund, No LUT Needed for FY 2022-23. A query was raised regarding the GST refund for the export of services without payment of tax, specifically concerning accumulated Input Tax Credit (ITC) from November 2022 to March 2023. Respondents advised filing a refund application for accumulated ITC using RFD-01, suggesting that tax should be remitted against the next export, utilizing accumulated ITC, and then applying for a refund. It was clarified that a Letter of Undertaking (LUT) was not required for exports in FY 2022-23, and ITC can be used without a time limit. Exporters are advised to export with payment of IGST to utilize the credit effectively.