Dear Experts
The tax payer exports service under LUT. It had one export invoice raised in January 2021 which was paid by the foreign buyer in May 2021.
While processing the refund application for unutilised ITC for FY 2020-21, the gst officer did not consider this under zero rated service as the money came after FY 2020-21.
While processing the application for unutilised ITC for FY 2021-22, the gst offficer does not want to consider this under zero rated service as the export invoice is related to FY 2020-21.
Will the exporter loose benefit of this export invoice raised in FY 2020-21 and paid in FY 2021-22 for computation of refund of ITC as per section 54 read with rule 89 ?
Regards
CAclubindia
