🚢 Exporting Goods or Services? Every Rupee of IGST You Paid Is Sitting with the Government — Waiting for You to Claim It.
India’s export ecosystem is built on tax neutrality — zero GST on exports, IGST refunds, DGFT benefit schemes and FEMA protections for forex earnings. But exporters who don’t actively manage these benefits leave lakhs on the table every year.
Y M Shah & Co. helps exporters of goods and services recover every rupee of tax credit they’re entitled to — and stay compliant with FEMA, DGFT and RBI regulations.
Tax & Compliance Challenges for Exporters
Export businesses operate under multiple regulatory frameworks simultaneously — GST, FEMA, DGFT, customs and income tax all overlap in ways that can create expensive compliance gaps.
- GST refund on export of goods — IGST paid at customs gate, or ITC accumulation under LUT
- LUT (Letter of Undertaking) — annual renewal, furnishing conditions and consequences of lapse
- ICEGATE / GSTR-1 mismatch — shipping bill data must match GST portal exactly for refund
- GST on export of services — place of supply rules, foreign currency receipt, BRC/FIRC
- FEMA compliance — realisation of export proceeds within 9 months, EDPMS updates
- IEC (Import Export Code) — registration, renewal, annual update obligation
- DGFT schemes — SEIS for service exporters, Advance Authorization, EPCG for capital goods
- Deemed exports — supplies to EOU, SEZ developers and government projects
Our CA Services for Exporters & International Traders
We provide comprehensive CA and compliance services designed specifically for businesses engaged in cross-border trade of goods or services.
- 💸 GST refund on exports — RFD-01 filing, ICEGATE reconciliation, deficiency memo reply
- 📄 LUT filing — annual LUT furnishing and management under GST portal
- 🌐 Export of services compliance — FEMA, BRC/FIRC collection, place of supply advisory
- 📦 IEC registration and annual update — DGFT portal compliance
- 🎯 DGFT benefit schemes — SEIS scrip, Advance Authorization, EPCG advisory
- 💰 FEMA compliance — export proceeds realisation, EDPMS, compounding if needed
- 🔍 Export-related audit — statutory audit, tax audit and transfer pricing documentation
- ⚖️ GST litigation for exporters — defending refund rejections and demand orders
Why Exporters Lose GST Refunds (And How to Prevent It)
GST refund rejections are rising — and most are due to preventable data mismatches. Here’s what we fix for our export clients.
- Shipping Bill number in GSTR-1 doesn't match ICEGATE — most common rejection reason
- LUT not filed or lapsed — export made without paying IGST but LUT was not active
- Bank account on GST portal not validated — refund cannot be credited to unlinked account
- GSTR-3B filed late — delayed refund processing and interest implications
- FIRC / BRC not obtained — required proof for service export refund claims
- Port code mismatch — different port codes in shipping bill vs GSTR-1 export table
DGFT Benefit Schemes: Are You Leaving Money Behind?
Service Exports from India Scheme (SEIS): If you export eligible services and receive foreign exchange — you may qualify for SEIS scrips worth 3-7% of your net foreign exchange earnings. These scrips can be used to pay import duties or sold in the market.
Advance Authorization Scheme: Import inputs duty-free against an export obligation. If you’re manufacturing for export, this scheme can dramatically reduce your input costs.
EPCG (Export Promotion Capital Goods): Import capital goods at zero customs duty against an export obligation of 6x the duty saved over 6 years — ideal for factories setting up new machinery for export production.
We assess your eligibility for all these schemes and handle the complete DGFT application and compliance.
Why Exporters Across Gujarat Trust Y M Shah & Co.
- ⭐ ₹50+ Crore in GST refunds processed for exporter clients
- ⭐ End-to-end FEMA compliance — from realisation monitoring to compounding
- ⭐ DGFT scheme expertise — SEIS, AA, EPCG application and compliance
- ⭐ Fast refund tracking — we follow up with GST officers on pending refunds
- ⭐ Multi-sector export experience — textiles, chemicals, engineering goods, software
“We had ₹22 lakh in export refunds stuck for 8 months due to ICEGATE mismatches. Y M Shah & Co. reconciled everything and got the refunds credited within 5 weeks.” — Textile Exporter, Surat
Ready to Maximise Your Export Benefits?
GST refunds, DGFT schemes and FEMA compliance — we handle all of it so you can focus on growing your export business.
📞 +91 9033231693 | ✉️ haard@ymshah.com