https://www.taxtmi.com/forum/issue?id=117009 A taxpayer exporting services may utilize prior-year input tax credit to pay IGST on exports and claim refund; execution of a Letter of Undertaking does not bar exporting on payment of IGST. There is no statutory time limit on the utilization of input tax credit, though tax authorities may raise objections that a refund claim is time-barred or question payment after furnishing an LUT. Credits relating to capital goods may influence whether to pay IGST and seek refund or pursue an unutilized credit refund. en-us Fri, 12 Feb 2021 17:53:41 +0530 Thu, 23 Jan 2025 15:54:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117009 A taxpayer exporting services may utilize prior-year input tax credit to pay IGST on exports and claim refund; execution of a Letter of Undertaking does not bar exporting on payment of IGST. There is no statutory time limit on the utilization of input tax credit, though tax authorities may raise objections that a refund claim is time-barred or question payment after furnishing an LUT. Credits relating to capital goods may influence whether to pay IGST and seek refund or pursue an unutilized credit refund. Discussion-Forum GST Fri, 12 Feb 2021 17:53:41 +0530 https://www.taxtmi.com/forum/issue?id=117009