https://www.taxtmi.com/forum/issue?id=113667 The question is whether accumulated ITC that includes credit on capital goods can be refunded where exports of services are made under bond/LUT after earlier exports were made on payment of IGST. Contributors note that refund mechanisms typically allow recovery of unutilised ITC on inputs and input services but not on capital goods when supplies are under LUT; alternatives discussed include filing refund applications when portal functionality permits, paying IGST and then claiming refund, or seeking policy relief from the GST Council. en-us Mon, 23 Apr 2018 21:01:37 +0530 Thu, 23 Jan 2025 15:55:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113667 The question is whether accumulated ITC that includes credit on capital goods can be refunded where exports of services are made under bond/LUT after earlier exports were made on payment of IGST. Contributors note that refund mechanisms typically allow recovery of unutilised ITC on inputs and input services but not on capital goods when supplies are under LUT; alternatives discussed include filing refund applications when portal functionality permits, paying IGST and then claiming refund, or seeking policy relief from the GST Council. Discussion-Forum GST Mon, 23 Apr 2018 21:01:37 +0530 https://www.taxtmi.com/forum/issue?id=113667