GST refund for export of services without payment of tax, Goods and Services Tax - GST

[vishwanath shetty]

GST registration was taken in Nov 2022. and 1st export of service was made in April 2023. but there is accumulated ITC for period Nov 22 to March 23. how can I claim that. also there is no LUT for FY 2022-23

Posts / Replies

[RaamSrinivasan Kalpathi]

You should have filed application for refund of accumulated ITC in RFD-01 in April or May 2023 for the period from Nov 2022 to April 2023.  There is no financial year concept in refund application.  Would suggest you remit tax against the next export of service, set-off the accumulated ITC and then file refund claim of GST on export of services upon payment of tax with the department.  This will exhaust the accumulated ITC.  One can always move to LUT after this.  Thanks

[KASTURI SETHI]

There was no   need of LUT for the year  22-23 when service was exported for the first time in April, 23. Non-filing  of LUT for 22-23 was not a bottleneck in  getting  refund claim   for the period from Nov.22 to March, 23. 

There is no time limit in utilizing ITC. From now onwards service should be exported on payment of IGST from Electronic Credit Ledger Account and, thereafter, apply for refund/rebate claim. 

LUT is required  only if you export without payment of tax. The ultimate purpose of LUT is to safeguard  revenue.

[Shilpi Jain]

If you do not have any domestic supplies where u can use this credit, adopt export with payment of IGST, utilise your credit to pay off this and then apply for refund.

Exports made in FY 23-24 - no LUT required before that .