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How are exports taxed under GST?

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.

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