https://www.taxtmi.com/article/detailed?id=15642 A 100% EOU that exported goods under a Letter of Undertaking without payment of tax, and whose suppliers did not avail deemed export benefits or follow deemed export procedures, is entitled to refund of accumulated unutilised input tax credit under the statutory refund provision for zero rated supplies; the administrative clarification excluding ITC on deemed exports from net ITC for refund applies only where deemed export benefits were actually availed, and cannot be invoked to deny refund where neither supplier nor recipient claimed such benefits. en-us Mon, 22 Dec 2025 07:50:33 +0530 Mon, 22 Dec 2025 07:50:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15642 A 100% EOU that exported goods under a Letter of Undertaking without payment of tax, and whose suppliers did not avail deemed export benefits or follow deemed export procedures, is entitled to refund of accumulated unutilised input tax credit under the statutory refund provision for zero rated supplies; the administrative clarification excluding ITC on deemed exports from net ITC for refund applies only where deemed export benefits were actually availed, and cannot be invoked to deny refund where neither supplier nor recipient claimed such benefits. Articles Goods and Services Tax - GST Mon, 22 Dec 2025 07:50:33 +0530 https://www.taxtmi.com/article/detailed?id=15642