How to Claim GST Refund on Export of Services: Step-by-Step
File Form GST RFD-01 to claim refunds on unutilized Input Tax Credit (ITC) for zero-rated exports. A detailed guide.
Claiming GST Export Refunds
Exporters of services can claim refunds on unutilized ITC accumulated on tools, servers, and office rent by filing Form GST RFD-01. Calculate the refund amount using the standard formula: (Export turnover / Total turnover) * Net ITC. Upload invoice mappings and FIRCs to support the claim.
Timeline for Submission
The refund application must be submitted within two years from the relevant date (which is usually the date of receipt of foreign exchange matching the exports). Submit applications early to optimize cash flow.
CA Amit Sharma
Verified Advisory LeadAmit is a Chartered Accountant (ICAI membership #409214) and FEMA compliance advisor with over 8 years of experience advising technology startups, digital marketing agencies, and remote professionals on zero-rated GST exports, DTAA declarations, and RBI inward remittance audits.
Disclaimer: The information provided above is for educational purposes only and does not constitute formal legal or financial advice. Please verify details using official circulars issued by the Central Board of Indirect Taxes & Customs (CBIC) and RBI.