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<h1>No refund of unutilized input tax credit for zero-rated goods under export duty as per GST Section 54(15).</h1> No refund of unutilized input tax credit or integrated tax paid will be allowed for zero-rated supply of goods if those goods are subjected to export duty, as per Section 54(15) of the GST law, effective from November 1, 2024, following Notification No. 17/2024 dated September 27, 2024. This provision was introduced by the Finance (No. 2) Act, 2024, overriding other stipulations in Section 54 regarding refunds.