export under GST

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CA JAY KHARA (Querist)
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03 August 2017 1. what is provisional refund under gst for exporters? 2. it is applicable only to export supply through payment of IGST ? OR for both i.e. also to exporter who supply under bond / LUT? 3. what is the refund amount? i.e. suppose exporter paid GST on purchase of goods/service amounting RS. 1200 then ... a. if IGST payable RS. 2000 b. supply under bond/LUT

Arbind Aggarwal

Arbind Aggarwal (Expert)
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03 August 2017 Exports are ZERO rated means.

1. Inputs purchased and used in export product - take GST credit - you can use this credit to pay taxes on domestic sale or take refund of accumulated credit of GST.

2. Export - do it under bond/LUT without GST. Alternatively you can also export on payment of GST. Take refund of GST paid on export.

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CA JAY KHARA

CA JAY KHARA (Querist)
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03 August 2017 Thank you sir
But I am 100% exporter then if I paid IGST on export after claiming GST paid on inward supply can I get refund of ITC or only IGST paid on export ?
And what if I export through LUT/BOND can I get refund of GST paid on inward supply?

And provisional refund i.e.90% applicable to both supply i.e. with / without payment of IGST or only applicable to export through payment of IGST

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