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of <h1>GST Law Zero-Rates Exports and SEZ Supplies; Section 16(3) Offers Two Refund Options for Registered Persons</h1> Under GST law, exports and supplies to Special Economic Zones (SEZ) are zero-rated, meaning they are exempt from both input and output taxes to enhance competitiveness in the international market. Section 16(3) of the IGST Act, 2017 allows registered persons to claim refunds on zero-rated supplies through two options: supplying goods or services without paying IGST and claiming unutilized input tax credit, or supplying with IGST payment and claiming a refund on the paid tax. Exporters of goods use the shipping bill as a refund claim, while service exporters and SEZ suppliers must file refund claims using FORM GST RFD-01. Manual filing is allowed until the refund module is operational. Refunds are processed by respective tax authorities, with provisional refunds of 90% granted within seven days of claim acknowledgment, barring any prosecution for tax evasion exceeding 250 lakh in the past five years.
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