Services exported under LUT. Exports not realized within 1 year of invoice. Can we discharge IGST along with interest at the end of year 1 and CAN WE CLAIM REFUND OF IGST UPON THE EXPORT REALISATION? Thanks in advance.
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Export of Services under LUT and delay in realization
Replies (4)
No need to pay igst if there is an lut agreement
If there is no lut agreement then you have to pay igst
If there is no proceeds received but claimed igst then you have to reverse the igst earlier claimed amount.
If there is no lut agreement then you have to pay igst
If there is no proceeds received but claimed igst then you have to reverse the igst earlier claimed amount.
Yes, you can claim refund of GST paid within three months from the date of export proceeds realizations.
| Originally posted by : CA Pramod Kumar | ||
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Yes, you can claim refund of GST paid within three months from the date of export proceeds realizations. |  |
Thanks, May I know under the Rule/Section under which we can claim the refund and also procedure to claim the refund.
Please refer rule 89 read with 96B.
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