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Export clearance with/without payment of duty

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mangesh chitnis

Accountant

116 Points Posted on 19 June 2024

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

Replies (2)

Quick Summary

This discussion addresses how to manage surplus Input Tax Credit (ITC) accumulated from exports made under Letter of Undertaking (LUT). The user is seeking advice on whether to continue exporting with duty payment to claim ITC refunds or explore alternative methods for refunding the accumulated ITC. Another user shares their experience with exporting under duty payment and facing issues with filing the GST RFD-01 refund application, particularly regarding historical data requirements.

CA Anoop Kumar Sharma

Accounts Manager

2070 Points Posted on 19 June 2024

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.

mangesh chitnis

Accountant

116 Points Posted on 25 December 2024

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,