TaxTMI 
TaxTMI 
Wanted to know if their any other option to get the gst amount after exports other than updating LUT BOND every year
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....anted to know if their any other option to get the gst amount after exports other than updating LUT BOND every year<br> Query (Issue) Started By: - Paul James Dated:- 28-7-2025 Last Reply Date:- 31-7-2025 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>Sir, can I know if their any other option to get the gst benefits of exports other than LUT BOND . Because I hear some exporters are getti....
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....ng the gst paid without lut bond. To convince the gst people here sometimes is very difficult. So is their any other exports to claim it. I heard some exporters paying the tax in export invoices and claiming it easily by uploading it in the gst portal. Please advise Reply By Sadanand Bulbule: The Reply: Alternatively, you may export on payment of IGST and then claim refund u....
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....nder Section 16 of the IGST Act, 2017. In this situation, there is no need of furnishing/renewiing LUT Bond every year. Also refer Notification No. 05/2023 - Integrated Tax, dated 26th October, 2023 Reply By Pinnacle Tax Advisor: The Reply: Absolutely, there is another option available. There are two ways to claim a refund of GST paid on inward supplies used for e....
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....xports: Option 1: Export without payment of tax by submitting a Letter of Undertaking (LUT). In this case, you can claim a refund of the accumulated Input Tax Credit (ITC). Option 2: Export with payment of tax. The accumulated ITC can be used to pay the IGST liability on exports, and you can subsequently claim a refund of the IGST paid. Under Option 2, you are also eligible to claim a refund of....
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.... ITC on capital goods, which is not allowed under Option 1. Additionally, obtaining a refund under Option 2 is generally easier compared to Option 1. Reply By Paul James: The Reply: Thank you very much sir. Its helpful. Reply By Paul James: The Reply: Thank you!! Reply By Shilpi Jain: The Reply: Pls file RFD-11 on GST portal for LUT. Submission and getting the ARN generated is sufficient....
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..... For past years file a letter with department along with manual RFD-11.<br> Discussion Forum - Knowledge Sharing ....