Export of goods and/or services qualify as an inter-State supply. Exports of goods and services are treated as zero rated supplies. The exporter has the option undertake the export of goods/ services in either of the following ways:
- Export of goods/services or both under a bond or Letter of undertaking (LUT) without paying IGST claiming the refund of unutilized ITC
- Export of goods/services or both on payment of IGST and subsequently claiming refund of IGST paid towards the export of goods/ services
In addition, the conditions which are required to be fulfilled for a service to qualify as export and be subject to zero-rated tax have been specified in the GST law.