Registered person making export of goods under LUT shall be eligible for claiming the refund of compensation cess paid on inputs used for making such supplies
Where there are multiple
inputs attracting different rates of tax, in the formula provided in rule 89(5) of the
CGST Rules, the term „Net ITC‟ covers the ITC availed on all inputs in the relevant
period, irrespective of their rate of tax.
V J M & Associates LLP