GST Refund

Jun 7, 2022 | Resources | 0 comments

“GST refund refers to any amount that is due to the taxpayer from the tax administration.”

Section 16 of IGST Act, 2017 entitles exporters to claim a refund under either of the two options:

  1. Export without payment of IGST under bond or Letter of Undertaking (LUT) and claim a refund of unutilized Input Tax Credit (ITC) or
  2. Export with payment of IGST and claim refund of such IGST paid

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