Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Exporters Can Use Rule 96A to Export Without Tax, Must Meet Conditions or Pay Taxes with Interest</h1> Under Rule 96A of the Central Goods and Services Tax Rules, 2017, registered persons can export goods or services without paying integrated tax by submitting a bond or Letter of Undertaking (LUT) in FORM GST RFD-11. If goods are not exported within three months or payment for services is not received within a year, the exporter must pay due taxes with interest. Export details must be electronically submitted to the Customs system. If export conditions are unmet, the LUT or bond is withdrawn, but can be restored upon payment. These provisions also apply to zero-rated supplies to Special Economic Zones.