https://www.taxtmi.com/forum/issue?id=113050 Exporters making zero-rated supplies under LUT who avail concessional drawback and thereby accumulate input tax credit in the Electronic Credit Ledger may claim refund of the unutilised ITC; claiming drawback does not bar such refund. Statutory refund provisions and administrative circulars set out the applicable procedure and documentation for refund of ITC on zero-rated supplies. As an operational option, exporters may instead export under payment of IGST and seek refund of the tax paid, a route often considered faster and simpler than refund of accumulated ITC linked to drawback. en-us Thu, 16 Nov 2017 09:41:06 +0530 Thu, 23 Jan 2025 15:55:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113050 Exporters making zero-rated supplies under LUT who avail concessional drawback and thereby accumulate input tax credit in the Electronic Credit Ledger may claim refund of the unutilised ITC; claiming drawback does not bar such refund. Statutory refund provisions and administrative circulars set out the applicable procedure and documentation for refund of ITC on zero-rated supplies. As an operational option, exporters may instead export under payment of IGST and seek refund of the tax paid, a route often considered faster and simpler than refund of accumulated ITC linked to drawback. Discussion-Forum GST Thu, 16 Nov 2017 09:41:06 +0530 https://www.taxtmi.com/forum/issue?id=113050