Refund of IGST paid for non realization of export proceeds in case of Export of Service under LUT
This query is : Resolved
09 March 2023
We exported services without payment of Integrated Tax under Letter of Undertaking as per Section 16 of Integrated Goods and Service Tax Act, 2017 read with Rule 96A & 96B of Central Goods and Service Tax Rules, 2017.
But we could not receive the payment within one year from the date of issue of the invoice for export of services, according to GST provisions related to exports and we have paid the tax i.e IGST along with interest.
Now we received the payment. Please do let us know, how can we claim refund of IGST paid along with Act, Rules and provisions.
Regards
Dinesh
But we could not receive the payment within one year from the date of issue of the invoice for export of services, according to GST provisions related to exports and we have paid the tax i.e IGST along with interest.
Now we received the payment. Please do let us know, how can we claim refund of IGST paid along with Act, Rules and provisions.
Regards
Dinesh
09 March 2023
You can claim refund if the period is within 2 years from the relevant date, i.e. the date of receipt of amount for the services.
Message likes :
1 times
10 March 2023
Can you please quote the Rule under which I can file refund of IGST paid?
10 March 2023
Please refer to the Rule 89 of CGST Rules.
10 March 2023
It is for refund of Duty paid on export of services. Whereas we have paid duty along with interest due to non realization of export proceeds for export of services under LUT.
10 March 2023
You can apply for refund of IGST paid due to non realisation of export proceeds within the limit. However, you may not be able to get refund of the interest paid.
Guest
Guest
(Expert)
12 March 2023
You can apply for refund of interest as section 54 allows for refund of interest as well.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- TAN for Partnership
- Relief u/s Section 89
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Taxation on LTCG for property sold after 24JUL2024
- E way bill for tractors
- SALE BILL AGAINST GOODS RETURN
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
