In FY 24-25 I have been making exports under LUT, resulted in accumulation surplus ITC in Credit Ledger approx 30 Lakhs. Can I make further exports with payment of duty to get ITC refunds or is there any another way to get refund of surplus ITC in credt ledger.
Thanks & Regards,
Mangesh
Another method to file a refund application is through Form GST RFD-01 on the GST Portal, though the approach you mentioned in your question best way.
I tried to export with duty paid for 5 months but still there is 29 Lakhs excess ITC in my credit ledger. Hence I tried to file GST RFD 01 for current period April 24 to Sept 24, but portal asked me to file GST RFD 01 from Jan 2018, though I have zero export for concerned period.
As I do not have any Export for concerned period what I should fill in Statement 3 & what documents to upload?
Thanks & Regards,
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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