Exporter: ITC refund under LUT
₹3,60,000 ITC refund due
What people like you ask us
Done for you, at a fixed price
- Import Export Code (IEC) and annual update+ ₹500 govt fee
- LUT filing RFD-11 for exporters
- Refund of ITC on exports without payment of tax, RFD-01
- Refund of IGST paid on export of goods via shipping bill
- Compliance Pack onboarding
Send any one of these to start
- Invoices
- GST returns
- Bank statement
The jobs people like you bring us
Business owner? Books to ITR, one CA, one fee.
We close your books, check audit need and file the business return.
Fixed price, shown before you payYearly, before the due dateIf you wait: Audit missed: ₹75,000 fee, ₹1.5 lakh after a month (Sec 428(c), old 271B)
Free first stepSee every filing and due dateCredit not in GSTR-2B? Stop losing input tax credit.
We reconcile purchases with GSTR-2B and IMS and chase the suppliers.
Every month, 14th to 18thIf you wait: Excess credit reversed with 18% interest (CGST Sec 50(3))
Free first stepRead about 2A and 2B mismatchGSTR-9 due? Close the GST year cleanly.
We tie GSTR-9 to your books and fix gaps before you file.
7 working days after books closeIf you wait: Late fee from ₹50 a day, capped at 0.04% of turnover for most (CGST Sec 47(2))
Free first stepSee the rules and traps
Questions, answered the CA way
Facts, Provisions and law, Analysis, Conclusion.
LUT filing: how to export services with 0% GST
- Facts
- When you provide services to a foreign client and receive payment in foreign currency, it's an export of service. Zero GST applies, but only if you've filed a Letter of Undertaking (LUT) with the GST department.
- Provisions and law
- CGST Act, Sec 16(3)(a) | Rule 96A | LUT Form RFD-11
- Analysis
- Without LUT: You collect 18% GST on the invoice, deposit it, then claim a refund. Refunds take 30-90 days. Cash flow nightmare. With LUT: Issue invoice at 0% GST. Receive USD from client. Convert to INR. No GST to deposit, no refund to claim. Clean. Filing LUT: Annual. File on GST portal → Services → User Services → Furnish LUT. No fee. No stamp. Takes 5 minutes. Valid for the entire financial year. Conditions for export of service: Place of supply = outside India. Payment received in convertible foreign exchange. Customer is outside India.
- Conclusion
- Login to GST portal → Services → User Services → Furnish LUT
- Select FY for which LUT is being filed
- Fill in details, submit with DSC or EVC
- Download the LUT acknowledgement, keep for 7 years
E-Invoice: Threshold ₹5Cr, IRN Generation, QR Code
- Facts
- E-invoicing is now mandatory for businesses above ₹5Cr annual turnover. Every B2B invoice must be registered on the Invoice Registration Portal (IRP), get an IRN (Invoice Reference Number), and display a QR code. An invoice without IRN is not a valid tax invoice, buyer loses ITC.
- Provisions and law
- Rule 48(4); Rule 48(5); CBIC Notification 70/2019; Sec 31; Rule 48(6)
- Analysis
- What is IRN: Invoice Reference Number, a 64-character unique hash generated by the IRP (Invoice Registration Portal) when you upload an invoice in JSON format. IRN is unique to each invoice and is registered with the government in real-time. Think of IRN as the government's "acknowledgement" that this invoice exists. Which invoices need IRN: B2B tax invoices (domestic to GSTIN holder). B2G invoices (to government). Export invoices (even if zero-rated / with or without payment of IGST). Debit notes and credit notes linked to the above. Does NOT apply to: B2C invoices, nil-rated supply invoices, invoices to unregistered persons, delivery challans, input service distributor invoices. IRP portals: Multiple authorised IRP portals: einvoice1.gst.gov.in (government), and several private (Clear, Tally, SAP, etc.). All produce same IRN, choose one.
- Conclusion
- Check your aggregate turnover: if above ₹5Cr in FY 2023-24 or any prior FY, e-invoice is mandatory
- Connect your accounting software (Tally, QuickBooks, Busy, Zoho) to IRP via API or upload
- Or use government portal: einvoice1.gst.gov.in for manual upload of each invoice
- Before issuing any B2B invoice: generate IRN on IRP. Get back: IRN, Ack No, QR code, signed JSON
Form 130 (old Form 16): Part A and Part B Decoded
- Facts
- Form 130 (old Form 16) is the salary TDS certificate, the most important document for a salaried person's ITR. Most employees receive it but don't know how to use it. Part A shows TDS deposited with the government. Part B is the salary breakup prepared by the employer. Errors in Form 130 (old Form 16) cause ITR mismatches and demands.
- Provisions and law
- Sec 395(4) (old 203); Rule 215 (old Rule 31); TRACES system; Sec 392 (old 192(2B))
- Analysis
- Form 130 (old Form 16) Part A, what to check: (1) Employer TAN must match what's in your Form 168 (old Form 26AS). (2) Your PAN must be correct. (3) TDS amount quarter-wise must match your Form 168 (old Form 26AS) and AIS. (4) "Amount paid / credited" = your gross salary for each quarter. (5) If employer changed TAN mid-year (company restructuring): multiple Part As may exist. Form 130 (old Form 16) Part B, the salary breakup: Shows: Basic salary, HRA, special allowance, LTA, bonus, perquisites. Deductions: Sec 123, Income-tax Act 2025 (old Sec 80C) investments, Sec 126 (old Sec 80D) health insurance, home loan interest (24b), standard deduction ₹75K. Taxable salary after deductions. TDS schedule with advance tax if any. This is what flows into your ITR Schedule S (Salary) and should match your AIS salary figure. Common Form 130 (old Form 16) errors: (1) Old investments not included in Part B (employer didn't update after you submitted Form 124 (old Form 12BB)). (2) HRA exemption computed wrong (wrong city classification).
- Conclusion
- Receive Form 130 (old Form 16) from employer by June 15 (if not received: email HR immediately)
- Check Part A: TAN, your PAN, period of employment, TDS figures, match with Form 168 (old Form 26AS)
- Check Part B: salary breakup is complete, Basic, HRA, allowances, perquisites, bonus
- Verify deductions in Part B: Sec 123, 126, 22(1)(b) (old Sec 80C, 80D, 24(b)), NPS Sec 124 (old Sec 80CCD(2)), standard deduction ₹75K
Fast-track winding up: DPIIT startups in 90 days under IBC
- Facts
- DPIIT-recognised startups can wind up under Fast Track Corporate Insolvency Resolution Process (FTCIRP) in 90 days, vs standard 180+ days. A mediator is appointed under IBC. Company's assets are liquidated, creditors paid, directors discharged.
- Provisions and law
- Insolvency and Bankruptcy Code 2016, Sec 55-58 | DPIIT Notification
- Analysis
- When to use: No viable path to revenue. Runway exhausted. Founders want a clean exit without being personally liable for company debts. Key protection: Pvt Ltd shields founders from personal liability for company debts, unless fraud or personal guarantee was given. Founders can walk away from a failed startup.
- Conclusion
- File all pending GST returns (returns can't be filed after company struck off)
- Close all bank accounts and clear balances
- File final ITR for the last year of operation
- Discharge all employee dues, TDS, PF obligations
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