Eye Share: Amendment to Rule 89(4)(C) of the CGST Rules, 2017 - An Analysis

Under the GST Act and Rules, an exporter of goods and services is eligible to claim a refund of input tax credit, subject to specified conditions. Rule 89(4) of the CGST Act, 2017 prescribes the procedure for requesting a refund of unutilized ITC in relation to export of goods and services by submitting a letter of undertaking. However, the Rule has been recently amended by CBIC Notification No. 16/2020-Central Tax dated March 23, 2020.In their article, Adv. Mi...