Letter of Undertaking for zero-rated exports allows export without payment of integrated tax subject to prescribed conditions and officer acceptance. Exporters may supply under a Letter of Undertaking or bond to make zero-rated supplies without payment of integrated tax, filing FORM GST RFD-11 prior to export and bound to pay tax with interest where export or receipt conditions are not met. LUT acceptance and administrative filing arrangements are described, eligibility for LUT is limited to specified status holders or exporters meeting foreign inward remittance and compliance criteria, and the LUT must be furnished in duplicate and executed by an authorised signatory.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Letter of Undertaking for zero-rated exports allows export without payment of integrated tax subject to prescribed conditions and officer acceptance.
Exporters may supply under a Letter of Undertaking or bond to make zero-rated supplies without payment of integrated tax, filing FORM GST RFD-11 prior to export and bound to pay tax with interest where export or receipt conditions are not met. LUT acceptance and administrative filing arrangements are described, eligibility for LUT is limited to specified status holders or exporters meeting foreign inward remittance and compliance criteria, and the LUT must be furnished in duplicate and executed by an authorised signatory.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
