Tech Services Exporter — GST Refund on Zero-Rated Supplies
A 100%-export software LLP had working capital trapped in accumulated input tax credit. We built a disciplined refund cycle that recovered roughly ₹18 lakh and lifted cash flow.
Zero-rated exports, non-performing credit.
The firm exported 100% of its services to the US, all of it zero-rated — yet it was paying substantial GST on domestic inputs like high-end server costs, office rent, and professional fees. With no domestic sales to offset against, the firm had accumulated a large Input Tax Credit balance that simply sat on the balance sheet as a non-performing asset, quietly trapping working capital. The task was to convert that dormant credit back into cash through a systematic refund framework.
How we unlocked the working capital.
LUT Compliance
We filed a Letter of Undertaking so the firm could continue exporting without paying IGST upfront.
RFD-01 Management
We managed the quarterly filing of Refund of Unutilised ITC (RFD-01) applications with surgical precision.
Forensic Documentation
We matched Foreign Inward Remittance Certificates (FIRC) with every export invoice — the conclusive proof of export of service the law requires.
Deficiency Memo Resolution
We resolved complex deficiency memos that challenged the place of supply or tried to misclassify the firm as an intermediary, successfully defending its status as a primary service exporter.
The capabilities we brought to bear.
LUT & Zero-Rated Exports
Exporting without upfront IGST, preserving cash from the outset.
RFD-01 Refund Cycle
A disciplined quarterly rhythm for unutilised-ITC claims.
FIRC – Invoice Matching
Export-of-service proof tied to every single invoice.
Place-of-Supply Defence
Intermediary misclassification rebutted, exporter status upheld.
The results we delivered.
For service exporters, GST refunds are not 'found money' — they are a legitimate component of operating margin that must be claimed systematically.