Hi All
Can I export some shipments under LUT as well as some shipments on payment of IGST in a same tax period (FY 2024-2025), and claim refund claims of ITC as well as IGST respectively of export shipments. I have a accumulated ITC balance in my account and have LUT for the current FY. Can I still issue export invoices with IGST collected which can be paid from my ledger balance and later claim refund of that IGST in monthly filing? This would reduce my positive ITC balance and it would get credited to my bank account within 60 days. But I have LUT for this current FY.
CAclubindia
