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GST - Highlights / Catch Notes

Home Highlights November 2021 Year 2021 This

Refund of IGST - goods exported out of India - zero rated ...


Authorities' Reluctance to Refund IGST on Zero-Rated Exports Undermines Export Incentives and Affects Cash Flow.

November 3, 2021

Case Laws     GST     HC

Refund of IGST - goods exported out of India - zero rated supplies - misdeclaration of description/value before allowing export - The reluctance on the part of the respondents in granting of refund to exporters upon completion of exports would result in taking away the incentive to export and would make the exports from the country unviable due to non-flow of funds in the form of refund assured under the Act. - HC

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