https://www.taxtmi.com/article/detailed?id=9033 A retrospective amendment to Rule 96(10) provides that notifications granting exemptions are not treated as availed where the registered person has paid Integrated Goods and Services Tax and has availed only Basic Customs Duty exemption. Consequently, exporters who paid IGST but only availed BCD exemption may claim refund of IGST on exports, while those who availed both BCD and IGST exemptions must repay IGST with interest to switch to the IGST-refund option; otherwise they remain on the LUT/ITC route. en-us Wed, 01 Apr 2020 10:34:10 +0530 Wed, 01 Apr 2020 10:34:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9033 A retrospective amendment to Rule 96(10) provides that notifications granting exemptions are not treated as availed where the registered person has paid Integrated Goods and Services Tax and has availed only Basic Customs Duty exemption. Consequently, exporters who paid IGST but only availed BCD exemption may claim refund of IGST on exports, while those who availed both BCD and IGST exemptions must repay IGST with interest to switch to the IGST-refund option; otherwise they remain on the LUT/ITC route. Articles Goods and Services Tax - GST Wed, 01 Apr 2020 10:34:10 +0530 https://www.taxtmi.com/article/detailed?id=9033