Mr. H is an exporter. He exports machinery out of India and pays 28% IGST. He wants to know the procedure for the claim and granting of a refund of IGST paid on goods exported out of India. His accountant has advised him to export machinery without payment of IGST and claim a refund of an unutilized input tax credit. Is it possible, if yes, how?

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Export on payment of Tax In terms of Rule 96 of the CGST Rules a shipping bill filed by an exporter of goods shall be deemed to be an appli... View the full answer