Track invoice realization, IGST refunds, Duty Drawback and FEMA deadlines in one place — so a missed deadline never quietly turns into a GST refund reversal.
Every shipping bill is supposed to trigger an IGST refund at the port once your GST returns and export data line up. In practice, some sail through — and some get stuck on a mismatch or filing error, with nothing telling you which is which. At 5 invoices a month you'd notice. At 50, a handful can go quiet for months before anyone catches it.
ExportMadhi tracks the refund every invoice is expecting — IGST, Duty Drawback — against the credits that actually land in your bank account. The moment an invoice's expected refund doesn't show up, it's flagged, so instead of manually cross-checking every shipping bill against your bank statement each month, you get a ready list of exactly which invoices still need to be chased.
GST refunds and LUT-based exports are conditional on the underlying export proceeds actually being realized within the FEMA-prescribed period. If that window closes before payment lands, the exposure doesn't stop at FEMA — it flows straight into GST.
Refunds sanctioned against an export invoice — IGST refunds and LUT-based exports alike — become repayable if the proceeds aren't realized in time, under Section 16(3) of the IGST Act read with Rule 96B of the CGST Rules.
Once a refund is reversed, interest runs from the date the refund was originally received — not from the day the deadline was missed — so the longer a delay goes unnoticed, the more it costs.
Even partial non-realization creates a proportional liability — reversal and any GST due are computed against the unrealized share of the invoice, not just a missed invoice as a whole.
RBI has revised export realization periods before, and can again. ExportMadhi keeps every invoice's deadline aligned with the current rule automatically — so when the rule changes, your monitoring updates with it, instead of quietly tracking a deadline that's already out of date.
Built specifically for the realities of Indian export documentation and regulatory tracking.
See total invoice value, realized amount, and a live compliance risk meter for any financial year, at a glance.
Every invoice tells its own story — export, shipping bill, refunds, drawback, payment and FEMA monitoring — in one visual timeline.
Import your bank statement and search credits instantly — no more manually scrolling through PDF statements.
Track expected vs. received refunds, flagged the moment something is overdue against a configurable threshold.
Realization deadlines that protect your GST refunds and LUT exports — calculated from configurable regulatory rules, never hard-coded.
Payment matching is always manual — you approve every bank credit against every invoice. No black-box automation.
ExportMadhi extracts data from each export invoice.
Drop in your XLSX/CSV statement — credits are extracted instantly.
Monitor refunds, drawback and deadlines; confirm payments manually.
Get flagged the moment something needs attention, with a next step.
Pick the plan that matches your export turnover. Upgrade any time as you grow.