GST rules: Refunds for exports without integrated tax require bond/LUT, timelines for tax/interest payment, and Customs confirmation. A new rule 96A prescribes the mechanism for refund of integrated tax on exports without payment of integrated tax where the exporter furnishes a bond or Letter of Undertaking in FORM GST RFD-11 prior to export, obliges payment of tax and interest within specified timelines if goods are not exported or payment for services is not received in convertible foreign exchange, mandates electronic transmission and Customs confirmation of export invoice data from FORM GSTR-1, and provides for withdrawal and restoration of export privileges and recovery under section 79; the rule also applies mutatis mutandis to supplies to SEZ developers or units.
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Provisions expressly mentioned in the judgment/order text.
GST rules: Refunds for exports without integrated tax require bond/LUT, timelines for tax/interest payment, and Customs confirmation.
A new rule 96A prescribes the mechanism for refund of integrated tax on exports without payment of integrated tax where the exporter furnishes a bond or Letter of Undertaking in FORM GST RFD-11 prior to export, obliges payment of tax and interest within specified timelines if goods are not exported or payment for services is not received in convertible foreign exchange, mandates electronic transmission and Customs confirmation of export invoice data from FORM GSTR-1, and provides for withdrawal and restoration of export privileges and recovery under section 79; the rule also applies mutatis mutandis to supplies to SEZ developers or units.
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