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REFUND - EXPORT LUT SALES - Without Payment of Tax

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Fareed

Accountant

90 Points Posted on 03 December 2021

Dear Experts,

ABC Pvt Ltd Company doing overseas business. Export invoice made without Payment of Tax.

What are the documents required for Refund of ITC on Export of Goods & Services without Payment of Tax.

Please share your valuable opinion.

Thanks & Regards

FAREED

Replies (3)

Quick Summary

This discussion addresses how ABC Pvt Ltd, an overseas business, can claim a refund of Input Tax Credit (ITC) on export sales made under Letter of Undertaking (LUT) without paying tax. Key documents required include export invoices, shipping bills, and HSN codes. Reference to Circulars 125 and 135 is advised for a comprehensive list of documentation needed for the refund application, with a mention of potential physical hearings.

Ashiwini Ballodia

Managing Partner at TAXounting

8742 Points Posted on 04 December 2021

Document details (invoice, credit or debit note, serial number, date, value)
HSN code (at the six-digit level)
Tax rate and taxable value
Relevant tax amounts (in case the export is made with payment of tax)
Shipping bill/bill of export (no. and date)

further you have to also appear for physical hearing