https://www.taxtmi.com/article/detailed?id=7629 Exports are designated zero-rated supply under GST, enabling exporters to either export under bond or LUT without payment of IGST and claim refund of unutilised input tax credit, or export after payment of IGST and claim refund pursuant to the Refund Rules; shipping bills must contain GST invoice details and refund applications are filed electronically. IGST applies to imports as inter state supplies alongside customs duties, and the broadened input tax credit mechanism offsets formerly cascading state levies, reducing input costs and improving export competitiveness. en-us Tue, 26 Sep 2017 07:49:41 +0530 Tue, 26 Sep 2017 07:49:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7629 Exports are designated zero-rated supply under GST, enabling exporters to either export under bond or LUT without payment of IGST and claim refund of unutilised input tax credit, or export after payment of IGST and claim refund pursuant to the Refund Rules; shipping bills must contain GST invoice details and refund applications are filed electronically. IGST applies to imports as inter state supplies alongside customs duties, and the broadened input tax credit mechanism offsets formerly cascading state levies, reducing input costs and improving export competitiveness. Articles Goods and Services Tax - GST Tue, 26 Sep 2017 07:49:41 +0530 https://www.taxtmi.com/article/detailed?id=7629