No Refund in certain cases [ Section 54(15) ] - GST Ready Reckoner - GST

No Refund in certain cases [ Section 54(15) (w.e.f. 01.11.2024 vide N.No. 17/2024 dated 27.09.2024)] [ Inserted vide Finance (No. 2) Act, 2024 ] Notwithstanding anything contained in this section (i.e. section 54) , no refund of unutilised input tax credit on account of zero rated supply of goods or of integrated tax paid on account of zero rated supply of goods shall be allowed where such zero rated supply of goods is subjected to export duty.