https://www.taxtmi.com/article/detailed?id=9686 The 2021 Budget amendments refine zero-rated supply rules by restricting SEZ zero-rating to supplies for authorised operations, allowing input tax credit for zero-rated supplies even if exempt (subject to CGST Act limits), permitting refund of unutilised ITC under bond/LUT with repayment and interest if export proceeds are not realised within FEMA timelines, and empowering the Government to notify classes of persons or goods/services that may export on payment of IGST and claim refunds. en-us Tue, 16 Feb 2021 11:21:12 +0530 Tue, 16 Feb 2021 11:21:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9686 The 2021 Budget amendments refine zero-rated supply rules by restricting SEZ zero-rating to supplies for authorised operations, allowing input tax credit for zero-rated supplies even if exempt (subject to CGST Act limits), permitting refund of unutilised ITC under bond/LUT with repayment and interest if export proceeds are not realised within FEMA timelines, and empowering the Government to notify classes of persons or goods/services that may export on payment of IGST and claim refunds. Articles Goods and Services Tax - GST Tue, 16 Feb 2021 11:21:12 +0530 https://www.taxtmi.com/article/detailed?id=9686