Filed for LUT Can I Still Claim ITC ?

[Siddharth Shukla]

We are a Partnership firm. Our Income source is Youtube Adsense Revenue from Youtube which is received from Google Ireland. Upon Research I found out about LUT since I can show earnings from my videos as earnings from ZERO RATED SUPPLIES and thus have to pay no GST. However Can I claim ITC for purchases like laptops, electronics for my firm ? My CA says since I have no Output GST paid, I cannot claim any ITC, But in Zero Rated supplies it is stated that I can claim ITC even tho I do not have to pay GST.

Please help me out here ? Any expert assistance on this matter in highly appreciated.

AI Summary

Zero-rated exports ITC eligibility: claim input tax credit under LUT with documentation and refund options.
Exports of services treated as zero-rated under a Letter of Undertaking allow claim of input tax credit on inputs and input services used for those exports; absence of output GST does not automatically disqualify ITC. Alternatively, paying IGST and claiming refund permits recovery of ITC on capital goods that may be restricted under LUT refunds. Claiming ITC or refunds requires supplier tax invoices, declaration of invoices in GST returns, submission of invoice lists for refund, proof of foreign receipt (FIRC), and compliance with refund procedures and circular guidance.