https://www.taxtmi.com/forum/issue?id=116657 Refund of accumulated ITC for export of services under LUT without IGST excludes ITC on capital goods and does not require proof of nexus between specific inputs/input services and the exported services. Refundable ITC must be calculated per the prescribed formula, restricting refund to the portion attributable to zero rated supplies by proportioning ITC against total adjusted turnover; this proportional approach applies to ITC on inputs and input services, including those under reverse charge, subject to statutory exclusions. en-us Tue, 25 Aug 2020 10:48:53 +0530 Thu, 23 Jan 2025 15:54:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116657 Refund of accumulated ITC for export of services under LUT without IGST excludes ITC on capital goods and does not require proof of nexus between specific inputs/input services and the exported services. Refundable ITC must be calculated per the prescribed formula, restricting refund to the portion attributable to zero rated supplies by proportioning ITC against total adjusted turnover; this proportional approach applies to ITC on inputs and input services, including those under reverse charge, subject to statutory exclusions. Discussion-Forum GST Tue, 25 Aug 2020 10:48:53 +0530 https://www.taxtmi.com/forum/issue?id=116657