Refund of ITC on Export of Goods & Services without payment of IGST

Every company export of their goods & services under bond/LUT without payment of IGST and GST Credit for the purchase of Inputs, Capital goods & Input Services are remains unutilised due to the majority of goods are Exported. Credit available at the time of procuring of goods and services are unutilized and remains idle in their Electronic Credit Ledger account.

Source Taxguru

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