https://www.taxtmi.com/forum/issue?id=110752 Exports are to be treated as zero-rated supply, meaning no tax on exported goods or services while input tax credit related to those exports is admissible; the Model GST allows refund of unutilized input tax credit for exports. Uncertainty remains whether exporters may elect to export without payment of tax or must pay and claim refund, and administrative rules (including invoice wording and certification requirements concerning passing on of tax benefits) are needed to clarify export-under-bond and refund procedures. en-us Fri, 05 Aug 2016 17:00:41 +0530 Thu, 23 Jan 2025 15:56:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110752 Exports are to be treated as zero-rated supply, meaning no tax on exported goods or services while input tax credit related to those exports is admissible; the Model GST allows refund of unutilized input tax credit for exports. Uncertainty remains whether exporters may elect to export without payment of tax or must pay and claim refund, and administrative rules (including invoice wording and certification requirements concerning passing on of tax benefits) are needed to clarify export-under-bond and refund procedures. Discussion-Forum GST Fri, 05 Aug 2016 17:00:41 +0530 https://www.taxtmi.com/forum/issue?id=110752