Checkpoints in Export of Goods and Services–
1. Verify Letter of Undertaking (LUT) is executed before exporting the goods without payment of tax.
2. If the export is done under claim of rebate, tax should be properly paid and shown in the monthly returns.
3. The Tax Invoice and Shipping bill should have appropriate remark as to whether the export is under LUT or On payment of tax.
4. The export documents should also have appropriate remarks if the export is against fulfillment of any export obligation e.g. Claim of Duty Drawback, Advance Authorization, EPCG obligation, MEIS etc.
5. Shipping Bill details should be carefully entered in the GSTR-1 return. Otherwise, due to mis-matching, the refund will not be processed.
6. In case of Services, instead of paying tax on services, the service provider can claim Refund of Input Tax Credit as per the provisions of Section 54 of CGST Act. Verify which option is exercised by the assessee.