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Refund of Exports
Export of Bunker fuels used in ships or vessels are taxable @ 5% as per notification no. 35/2017-Integrated Tax (Rate) dates 13th October 2017. Whether refund of such IGST paid is allowed or not?
Replies (3)
Yes, it will be covered under Zero rated supply and ITC accumulated for making such supply can be claimed as refund via RFD01.
And
As per Rule 96 , Shipping Bill file by Exporter shall be deemed for application for IGST paid on Export.
Hence as soon as GSTR 1 filed with export detail , the IGST paid will be auto refunded in bank account of Exporter within the stipulated time
Refund will be automatic process After filing gstr 1 and 3b correctly
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