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ARTICLE · 18 SEPTEMBER 2026

GST Refunds And Export Obligations

Khurana & Khurana, Advocates and IP Attorneys
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A comprehensive guide to GST refunds for exporters covering zero-rated supplies, ITC refunds, IGST, LUT/Bond, export of services, and GST compliance.

IndiaTax
Khurana And Khurana
Khurana And Khurana
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Introduction

Timely GST refunds directly contribute to healthy cash flows for Indian exporters. Refund delays cause working cash to remain frozen, borrowing requirements to rise, and day-to-day operations to suffer, particularly for companies with narrow profit margins. This is acknowledged by the GST structure, which treats exports as zero-rated supplies. The procedure for refunds has evolved over time. In 2026, system-led checks and revised protocols are intended to decrease discrepancies and expedite processing. The two refund options - exports with IGST payment and exports without IGST under a Letter of Undertaking (LUT) or Bond - are explained in this article.

Why Are GST Refunds Required for Exporters?

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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