CA Sunil Kumar (Chartered Accountant) 07 August 2020
The export of goods or services is considered as a zero-rated supply. Registered taxable person exporting such goods or services or both shall be allowed to claim the refund of the GST paid under one of the following two options:
Export of goods or services or both under bond or letter of undertaking (LUT) without paying any Integrated Tax and can claim the refund of unutilized input credit.
Export of goods and service or both on the payment of Integrated Tax and the exporter can claim the refund of the GST paid on such goods and services so exported. The above-mentioned refunds will be subject to certain rules, procedures, and safeguards as may be prescribed.