Refund of ITC against export sale

Certainly! To claim a refund of Input Tax Credit (ITC) for export transactions made during the non-LUT (Letter of Undertaking) period (from April to November 2023), follow these steps:

Prepare Statement 3:
Statement 3 is prepared as per rule 89(2)(b) and 89(2)© of the CGST Rules, 2017.
Key details to include in Statement 3:
GSTIN Number
Return Period (from and to)
Type of Document/Invoice No./Date of Invoice and Total Value of Invoices (ensure consistency with filed GSTR-1)
Refund application filed for Export of Goods or Services
Shipping Bill/Bill of Export/Endorsement invoices (for export of goods)
EGM (Export General Manifest) details (EGM Number and EGM date) – verify against ICEGATE IGST Validation details1.
Calculate Net ITC:
The refund formula considers “Net ITC” for the relevant period when applying for GST refund.
Unfortunately, claiming ITC for an earlier period (before LUT) is not possible due to the system limitations1.
File the Refund Application:
Access the GST portal (URL: GST Portal).
Navigate to Services > Refunds > Application for Refund.
Select the refund type (refund of ITC paid under export of goods/services without payment of IGST).
Fill up the necessary details and submit the application2.
Remember that the process involves verifying data, ensuring consistency, and adhering to the rules.