Practice Brief • Goods & Services Tax (GST)
GST Refunds & Export Incentives (LUT)
Fast-track refunds for zero-rated exports, inverted duty structure, and accumulated ITC.
Turnaround: Submission in 5 days; sanction tracking through departmental clearance
Practice Lead: CA. R.A. Dhoot & GST Refund Desk
Practice Methodology & Regulatory Scope
Trapped working capital under inverted duty structures or unutilized export ITC directly impacts corporate liquidity. Our dedicated refund desk handles end-to-end documentation, FIRC/BRC reconciliation, and liaison with jurisdictional officers to obtain sanctioned refund orders.
Governing Statutory Acts & Guidelines
Section 54 of CGST Act 2017
Rule 89 & Rule 96
Foreign Trade Policy 2023
Tangible Client Deliverables
1
Filing Letter of Undertaking (LUT) in Form GST RFD-11 for zero-rated exports2
Form GST RFD-01 preparation with annexures and CA certification3
Inverted Duty Structure refund computation under Rule 89(5)4
Reconciliation of Foreign Inward Remittance Certificates (FIRC) with export invoices5
Resolution of refund rejections and deficiency memos (RFD-03)Measurable Enterprise Safeguards
Fast-track disbursement of refunds into bank accounts (average 21 days)
Elimination of working capital drag for export-oriented units
Complete compliance with SEZ and customs regulations
Statutory Practice FAQs
Q: Can service exporters claim GST refund without payment of IGST?
A: Yes, by executing an annual Letter of Undertaking (LUT) on the GST portal, service exporters can export without paying IGST and subsequently claim a cash refund of the accumulated Input Tax Credit incurred on domestic procurements.
Partner Consultation
Engage Practice Partner
Schedule an in-person chambers discussion or encrypted virtual conference with our senior practice leader.
Designated Partner Lead:
CA. R.A. Dhoot & GST Refund Desk
ICAI Fellow Chartered Accountant
Strict client confidentiality maintained under ICAI Code of Ethics.