Yes. Exports of services under a Letter of Undertaking are zero-rated, so a GCC can claim a refund of unutilised input tax credit.
Key points
- Claim within two years of the relevant date.
- The law provides for 90% of the claim as a provisional refund within 7 days of acknowledgement.
- The final order is due within 60 days of a complete application; delay beyond that attracts interest at 6% a year.
- Only credit that matches GSTR-2B and is backed by export evidence is refundable.
General information, not tax or legal advice. Rules change; confirm the position for your entity before acting.