https://www.taxtmi.com/forum/issue?id=113596 Refund of Unutilised Input Tax Credit on exports under bond or LUT is available for zero rated supplies and inverted duty structure; the refundable amount is calculated by the statutory refund formula but is subject to a ceiling equal to the input tax credit balance shown in the credit ledger at the end of the elected relevant tax period, and period clubbing is permitted only within the same financial year with reconciliation via the refund statement. en-us Mon, 09 Apr 2018 23:06:50 +0530 Thu, 23 Jan 2025 15:55:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113596 Refund of Unutilised Input Tax Credit on exports under bond or LUT is available for zero rated supplies and inverted duty structure; the refundable amount is calculated by the statutory refund formula but is subject to a ceiling equal to the input tax credit balance shown in the credit ledger at the end of the elected relevant tax period, and period clubbing is permitted only within the same financial year with reconciliation via the refund statement. Discussion-Forum GST Mon, 09 Apr 2018 23:06:50 +0530 https://www.taxtmi.com/forum/issue?id=113596