Refund of itc

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CA
77 Points Posted on 01 September 2020
Our company made exports noths under payment od gst and under lut. Can we claim refund of itc for the balance in the ledger?
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On 01 September 2020 at 16:39 Report
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Quick Summary
This discussion clarifies the process for claiming refunds of Input Tax Credit (ITC) on exported goods. If your company exports under a Letter of Undertaking (LUT) without paying GST, you can claim ITC related to those exported goods. The conversation also touches upon scenarios where businesses engage in both LUT and tax-paid exports.

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Tax and Business Consultant
11616 Points Posted on 01 September 2020
Yes,If your Company Made export under LUT without payment of GST, than you claim refund of ITC relating to that Goods/input which is exported or used in exported Goods.
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On 01 September 2020 at 19:01
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CA
77 Points Posted on 01 September 2020
We are doing both under lut and with payment of tax then?
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On 01 September 2020 at 19:04

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