https://www.taxtmi.com/news?id=18543 Imports and exports are treated as inter-State supplies under GST: imports attract IGST (with ITC available) and exports are zero-rated supplies permitting export under bond/LUT with refund of ITC or payment of IGST and subsequent refund. IGST payment may be made by applying ITC in a prescribed hierarchy before cash; IGST on imports must be paid in cash. Refunds for exporters, including unutilised ITC, follow Section 54 procedures via the Common Portal and may use the shipping bill as the refund application for IGST where returns and export manifests are furnished. en-us Tue, 01 Aug 2017 17:31:49 +0530 Thu, 03 Aug 2017 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18543 Imports and exports are treated as inter-State supplies under GST: imports attract IGST (with ITC available) and exports are zero-rated supplies permitting export under bond/LUT with refund of ITC or payment of IGST and subsequent refund. IGST payment may be made by applying ITC in a prescribed hierarchy before cash; IGST on imports must be paid in cash. Refunds for exporters, including unutilised ITC, follow Section 54 procedures via the Common Portal and may use the shipping bill as the refund application for IGST where returns and export manifests are furnished. News - Tue, 01 Aug 2017 17:31:49 +0530 https://www.taxtmi.com/news?id=18543