 "GST, IGST, CGST, GSTN")
Exporters have a new problem. The Goods and Services Tax (GST) department has started issuing notices alleging that they can claim refund only under Rule 89(4B) of the CGST Rules, 2017, if their inputs were imported without IGST payment under advance authorisations.
Rule 96A of the CGST Rules, 2017, allows export of goods without payment of IGST after furnishing a bond or letter of undertaking (LUT). This leaves exporters with unutilised input tax credit (ITC). Rule 89(4) of the CGST Rules, 2017, allows refund of such unutilised ITC through a prescribed formula. Exporters have been claiming refunds under this Rule
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