Introduction: GST Refund for Exporters
Under the GST regime, exports would be considered as zero-rated supply and exporters are eligible to claim a refund of GST paid.
How does GST refund for exporters work
There are two ways under which exporters may have adopted in GST, the refund works in these manners in both these methods:
1) With payment of IGST: If you have paid igst on exports, you can claim refund of this igst by filing shipping bill or bill of export. Exporters will have to provide the details of gst invoice in the shipping bill.
2) Without payment of IGST: Those adopting this method would be filing gst return without any taxes (zero taxes) by adopting LUT or bond. They can claim refund of unutilised input tax credit which is eligible of input tax credit as per the gst laws.
Who Can Claim GST Refund from Exports?
Exporter of Goods
Exporter of services
Deemed Exports
Supplies to SEZ units and developers
Refund of accumulated ITC due to inverted duty structures
How to Claim GST Refund on Exports
You can reach to our experts who will guide you for this.
Email is info@tradevistaecommerce.com
